VisionPoint Advisory Group LLC Has $1.54 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

VisionPoint Advisory Group LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,846 shares of the financial services provider’s stock after purchasing an additional 768 shares during the period. VisionPoint Advisory Group LLC’s holdings in Charles Schwab were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Paradigm Asset Management Co. LLC raised its holdings in shares of Charles Schwab by 217.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider’s stock valued at $3,578,000 after purchasing an additional 33,100 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 127 shares during the period. Aspen Investment Management Inc raised its holdings in shares of Charles Schwab by 13.1% during the fourth quarter. Aspen Investment Management Inc now owns 16,257 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 1,886 shares during the period. Forte Capital LLC ADV acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $200,000. Finally, Hardy Reed LLC raised its holdings in shares of Charles Schwab by 1.3% during the fourth quarter. Hardy Reed LLC now owns 13,225 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCHW. Jefferies Financial Group upped their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler upped their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Citigroup upped their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley upped their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $86.33.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’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 transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s 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 transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 490,120 shares of company stock valued at $40,127,472 in the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.2 %

Charles Schwab stock opened at $81.88 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a 50 day moving average price of $77.97 and a 200-day moving average price of $72.83. The company has a market capitalization of $145.84 billion, a P/E ratio of 27.38, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced 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. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is currently 36.12%.

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.