HF Advisory Group LLC Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

HF Advisory Group LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,869 shares of the financial services provider’s stock after acquiring an additional 492 shares during the period. Charles Schwab accounts for about 1.3% of HF Advisory Group LLC’s holdings, making the stock its 20th biggest position. HF Advisory Group LLC’s holdings in Charles Schwab were worth $2,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. lifted its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. JMP Securities reissued a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler increased their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.41.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,823 shares of company stock valued at $2,171,194. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.4 %

SCHW opened at $76.53 on Friday. The business’s fifty day simple moving average is $77.68 and its 200 day simple moving average is $70.65. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The firm has a market cap of $136.20 billion, a P/E ratio of 29.90, a PEG ratio of 1.19 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.