Marietta Wealth Management LLC Increases Stake in The Charles Schwab Co. (NYSE:SCHW)

Marietta Wealth Management LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,247 shares of the financial services provider’s stock after buying an additional 1,300 shares during the period. Marietta Wealth Management LLC’s holdings in Charles Schwab were worth $5,125,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SCHW. Manuka Financial LLC purchased a new position in Charles Schwab during the 4th quarter valued at about $222,000. Scharf Investments LLC bought a new position in shares of Charles Schwab during the fourth quarter valued at approximately $1,093,000. Everett Harris & Co. CA lifted its holdings in shares of Charles Schwab by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 210,334 shares of the financial services provider’s stock valued at $15,567,000 after purchasing an additional 1,105 shares during the last quarter. N.E.W. Advisory Services LLC grew its stake in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Charles Schwab during the 4th quarter valued at approximately $50,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred 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 $36,057,774.01. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction that occurred 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 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 50,014 shares of company stock worth $4,052,281 in the last three months. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SCHW shares. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Truist Financial reiterated a “buy” rating and set a $90.00 price target (up previously from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted 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. Finally, UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $84.11.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $82.73 on Friday. The stock has a market cap of $147.22 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.84. The firm has a fifty day moving average price of $77.97 and a 200-day moving average price of $71.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 14th. 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 yield of 1.31%. 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.