Timber Creek Capital Management LLC Has $8.73 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Timber Creek Capital Management LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,923 shares of the financial services provider’s stock after purchasing an additional 673 shares during the period. Charles Schwab comprises approximately 2.5% of Timber Creek Capital Management LLC’s holdings, making the stock its 12th biggest holding. Timber Creek Capital Management LLC’s holdings in Charles Schwab were worth $8,727,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after purchasing an additional 1,711,312 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after buying an additional 1,644,931 shares during the last quarter. KBC Group NV raised its holdings in shares of Charles Schwab by 186.7% in the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock valued at $158,236,000 after buying an additional 1,392,255 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Charles Schwab in the third quarter valued at about $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SCHW shares. Morgan Stanley lifted their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Jefferies Financial Group lifted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the company from $88.00 to $103.00 in a report on Tuesday. Truist Financial lifted their price target on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $86.33.

Insider Buying and Selling

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 502,859 shares of company stock valued at $41,161,496. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $81.49 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $145.14 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The stock has a 50-day moving average of $77.99 and a 200-day moving average of $72.70. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

Charles Schwab Profile

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.