Moss Adams Wealth Advisors LLC Invests $252,000 in The Charles Schwab Co. (NYSE:SCHW)

Moss Adams Wealth Advisors LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,412 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. increased its holdings 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 valued at $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the third quarter valued at about $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW stock opened at $76.53 on Friday. The stock’s 50 day moving average price is $77.68 and its 200 day moving average price is $70.65. The firm has a market cap of $136.20 billion, a P/E ratio of 29.90, a PEG ratio of 1.19 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 Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $95.00 in a research note on Monday, December 9th. Wells Fargo & Company decreased their price target on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Piper Sandler boosted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.41.

Insider Activity at Charles Schwab

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

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.