Wealthspire Advisors LLC Increases Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wealthspire Advisors LLC raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,152 shares of the financial services provider’s stock after buying an additional 902 shares during the quarter. Wealthspire Advisors LLC’s holdings in Charles Schwab were worth $2,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service grew its position in Charles Schwab by 2.2% during the fourth quarter. National Pension Service now owns 2,355,555 shares of the financial services provider’s stock worth $162,062,000 after buying an additional 51,543 shares in the last quarter. Blume Capital Management Inc. grew its holdings in shares of Charles Schwab by 6.5% during the fourth quarter. Blume Capital Management Inc. now owns 187,920 shares of the financial services provider’s stock worth $12,929,000 after purchasing an additional 11,418 shares in the last quarter. Moser Wealth Advisors LLC increased its position in shares of Charles Schwab by 45.8% in the fourth quarter. Moser Wealth Advisors LLC now owns 4,775 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 1,500 shares during the last quarter. Fosun International Ltd raised its stake in Charles Schwab by 9.5% in the fourth quarter. Fosun International Ltd now owns 37,359 shares of the financial services provider’s stock valued at $2,570,000 after purchasing an additional 3,247 shares in the last quarter. Finally, RMR Wealth Builders lifted its position in Charles Schwab by 24.0% during the fourth quarter. RMR Wealth Builders now owns 19,343 shares of the financial services provider’s stock valued at $1,331,000 after purchasing an additional 3,744 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the transaction, the chairman now directly owns 61,192,538 shares of the company’s stock, valued at approximately $3,953,037,954.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,587 shares of company stock worth $47,399,731. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SCHW. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Piper Sandler upped their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Up 1.1 %

Shares of NYSE:SCHW traded up $0.85 during midday trading on Wednesday, hitting $76.40. 5,189,835 shares of the stock traded hands, compared to its average volume of 7,574,732. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $135.68 billion, a PE ratio of 31.96, a P/E/G ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a one year low of $46.55 and a one year high of $77.05. The business’s 50 day moving average is $71.20 and its two-hundred day moving average is $65.15.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. As a group, research analysts forecast that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

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.