Millstone Evans Group LLC Invests $91,000 in The Charles Schwab Co. (NYSE:SCHW)

Millstone Evans Group LLC bought a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,233 shares of the financial services provider’s stock, valued at approximately $91,000.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Charles Schwab during the 4th quarter valued at about $254,000. Lee Danner & Bass Inc. bought a new stake in Charles Schwab during the 4th quarter valued at about $101,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Charles Schwab by 23.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 25,542 shares of the financial services provider’s stock valued at $1,890,000 after buying an additional 4,812 shares in the last quarter. Holderness Investments Co. bought a new stake in Charles Schwab during the 4th quarter valued at about $204,000. Finally, iA Global Asset Management Inc. lifted its holdings in Charles Schwab by 77.2% during the 4th quarter. iA Global Asset Management Inc. now owns 13,812 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 6,017 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.1 %

NYSE:SCHW opened at $78.47 on Friday. The company has a market cap of $142.30 billion, a PE ratio of 26.24, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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 company’s 50 day moving average is $78.99 and its two-hundred day moving average is $74.79.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company 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 was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. Analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 501,087 shares of company stock valued at $40,952,233. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research analyst reports. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Jefferies Financial Group raised their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Company 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.