VSM Wealth Advisory LLC Acquires New Position in The Charles Schwab Co. (NYSE:SCHW)

VSM Wealth Advisory LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 978 shares of the financial services provider’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ProVise Management Group LLC raised its holdings in shares of Charles Schwab by 1.1% during the 4th quarter. ProVise Management Group LLC now owns 166,640 shares of the financial services provider’s stock worth $12,333,000 after buying an additional 1,811 shares in the last quarter. Xponance Inc. grew its position in Charles Schwab by 17.0% in the fourth quarter. Xponance Inc. now owns 260,195 shares of the financial services provider’s stock valued at $19,257,000 after acquiring an additional 37,881 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Charles Schwab during the fourth quarter worth about $5,350,000. Evoke Wealth LLC lifted its holdings in shares of Charles Schwab by 5.0% in the fourth quarter. Evoke Wealth LLC now owns 6,251 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 299 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Charles Schwab by 1.7% in the 4th quarter. Horizon Investments LLC now owns 25,624 shares of the financial services provider’s stock valued at $1,896,000 after purchasing an additional 418 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Trading Up 1.5 %

SCHW opened at $78.72 on Thursday. The stock has a market cap of $142.76 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a fifty day moving average of $78.76 and a 200-day moving average of $74.60.

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, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SCHW shares. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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 note on Tuesday, January 7th. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, JMP Securities reaffirmed 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.33.

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.