6,630 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by 5T Wealth LLC

5T Wealth LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, Holdings Channel reports. The firm purchased 6,630 shares of the financial services provider’s stock, valued at approximately $491,000.

Several other large investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. increased its stake 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 valued at $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP bought a new stake in Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the third quarter worth approximately $31,000. Hazlett Burt & Watson Inc. bought a new stake in Charles Schwab during the third quarter worth approximately $33,000. Finally, Planning Capital Management Corp bought a new stake in Charles Schwab during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SCHW. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Redburn Partners reduced their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Piper Sandler raised their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, 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 research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.56.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 502,859 shares of company stock valued at $41,161,496. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $80.32 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $142.94 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company’s fifty day moving average price is $78.03 and its 200 day moving average price is $72.40. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s payout ratio is 33.44%.

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.