The Charles Schwab Co. (NYSE:SCHW) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,764 shares of the financial services provider’s stock after buying an additional 5,067 shares during the period. NewEdge Advisors LLC’s holdings in Charles Schwab were worth $7,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHW. Principal Financial Group Inc. boosted its holdings in shares of Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock valued at $432,536,000 after acquiring an additional 38,201 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Charles Schwab by 11.2% in the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock valued at $2,348,000 after purchasing an additional 3,637 shares in the last quarter. Sculati Wealth Management LLC increased its position in Charles Schwab by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock worth $2,786,000 after purchasing an additional 315 shares during the period. World Investment Advisors LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth approximately $9,211,000. Finally, Sfmg LLC lifted its holdings in shares of Charles Schwab by 2.5% in the 3rd quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,794,000 after buying an additional 1,444 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company’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 transaction, the insider now directly owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 513,081 shares of company stock valued at $41,903,066. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods reduced their price objective on shares of Charles Schwab from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. restated an “outperform” rating and set a $92.00 target price on shares of Charles Schwab in a research report on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Finally, Morgan Stanley upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.44.

Charles Schwab Stock Performance

Charles Schwab stock opened at $76.52 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a fifty day moving average of $77.16 and a two-hundred day moving average of $76.49. The company has a market capitalization of $138.77 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 EPS. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal 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 dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 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.