Curi RMB Capital LLC Buys 366 Shares of The Charles Schwab Co. (NYSE:SCHW)

Curi RMB Capital LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,339 shares of the financial services provider’s stock after purchasing an additional 366 shares during the period. Curi RMB Capital LLC’s holdings in Charles Schwab were worth $14,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab during the fourth quarter valued at about $38,000. Atala Financial Inc purchased a new stake in Charles Schwab in the 4th quarter worth approximately $41,000. Knuff & Co LLC raised its stake in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners purchased a new position in Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the fourth quarter valued at about $46,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 in the last quarter. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Up 1.1 %

Shares of NYSE:SCHW opened at $76.52 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The firm’s 50-day moving average is $77.16 and its two-hundred day moving average is $76.49. 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 firm has a market capitalization of $138.77 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the business earned $0.74 EPS. Analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is 36.12%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on Charles Schwab from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. UBS Group lifted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price objective on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $85.44.

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.