TCV Trust & Wealth Management Inc. Takes Position in The Charles Schwab Co. (NYSE:SCHW)

TCV Trust & Wealth Management Inc. bought a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, Holdings Channel reports. The fund bought 3,082 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter valued at about $25,000. Washington Trust Advisors Inc. lifted its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter valued at about $31,000. Planning Capital Management Corp acquired a new stake in Charles Schwab during the 3rd quarter valued at approximately $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SCHW shares. Bank of America decreased their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Jefferies Financial Group upped their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Truist Financial lifted their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.56.

Insider Buying and Selling

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,514 shares of company stock valued at $3,859,731 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

SCHW stock opened at $83.51 on Wednesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The stock has a market capitalization of $148.61 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.02 and a beta of 0.99. 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’s fifty day moving average is $77.99 and its two-hundred day moving average is $71.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. On average, research analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. Charles Schwab’s payout ratio is currently 33.44%.

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.