Cypress Wealth Services LLC Raises Position in The Charles Schwab Co. (NYSE:SCHW)

Cypress Wealth Services LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,311 shares of the financial services provider’s stock after buying an additional 285 shares during the quarter. Cypress Wealth Services LLC’s holdings in Charles Schwab were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab in the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the third quarter valued at about $33,000. 84.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SCHW shares. Morgan Stanley upped their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Truist Financial raised shares of Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup reduced their target price on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.63.

Charles Schwab Stock Performance

NYSE:SCHW opened at $75.40 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $77.58 and its 200 day simple moving average is $70.60. The stock has a market cap of $134.19 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that The Charles Schwab Co. will post 3.13 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

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.