The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 104.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,034 shares of the financial services provider’s stock after acquiring an additional 89,913 shares during the quarter. Charles Schwab comprises about 0.9% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Greenwich Wealth Management LLC’s holdings in Charles Schwab were worth $13,028,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the third quarter valued at approximately $31,000. Peterson Financial Group Inc. bought a new stake in Charles Schwab during the third quarter worth approximately $35,000. Atala Financial Inc bought a new stake in Charles Schwab during the fourth quarter worth approximately $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after buying an additional 563 shares in the last quarter. Finally, Financial Life Planners bought a new stake in Charles Schwab during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 5.1 %

Charles Schwab stock opened at $77.28 on Friday. The company has a market capitalization of $140.15 billion, a P/E ratio of 25.85, a P/E/G ratio of 0.99 and a beta of 0.98. The firm’s fifty day simple moving average is $78.47 and its 200-day simple moving average is $74.32. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SCHW. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Citigroup raised their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. UBS Group raised their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Truist Financial raised their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.33.

Insider Activity

In related news, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction 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 completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by corporate insiders.

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.