The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Edge Capital Group LLC

Edge Capital Group LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 5,625 shares of the financial services provider’s stock after purchasing an additional 304 shares during the period. Edge Capital Group LLC’s holdings in Charles Schwab were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. boosted its stake in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at $31,000. Hazlett Burt & Watson Inc. bought a new position in Charles Schwab during the 3rd quarter valued at $33,000. Finally, Planning Capital Management Corp acquired a new position in Charles Schwab during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 over the last 90 days. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.16 on Tuesday. The firm’s 50 day moving average is $78.03 and its two-hundred day moving average is $73.22. The firm has a market capitalization of $142.78 billion, a P/E ratio of 26.81, a PEG ratio of 0.99 and a beta of 0.99. 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 Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. 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 1.35%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Truist Financial upped their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group lifted their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Piper Sandler lifted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.33.

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.