UP Strategic Wealth Investment Advisors LLC Acquires 155 Shares of The Charles Schwab Co. (NYSE:SCHW)

UP Strategic Wealth Investment Advisors LLC increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,760 shares of the financial services provider’s stock after purchasing an additional 155 shares during the period. UP Strategic Wealth Investment Advisors LLC’s holdings in Charles Schwab were worth $278,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its holdings in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC increased its stake in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 127 shares during the period. Finally, Personal CFO Solutions LLC boosted its stake in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 130 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Truist Financial decreased their price target on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.78.

Charles Schwab Stock Up 1.9 %

Shares of SCHW stock opened at $79.36 on Friday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 stock has a market cap of $143.92 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 0.99 and a beta of 0.91. The firm’s 50-day moving average is $76.85 and its 200-day moving average is $76.85.

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, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm posted $0.74 EPS. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.36%. Charles Schwab’s dividend payout ratio is currently 32.73%.

Insiders Place Their Bets

In other Charles Schwab news, 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 value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock worth $40,288,720 over the last three months. Insiders own 6.30% of the company’s stock.

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.