Strategic Wealth Partners Ltd. Has $2.04 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Strategic Wealth Partners Ltd. raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,963 shares of the financial services provider’s stock after buying an additional 1,497 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Charles Schwab were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Ritholtz Wealth Management increased its stake in shares of Charles Schwab by 8.9% during the fourth quarter. Ritholtz Wealth Management now owns 17,573 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 1,429 shares during the period. Procyon Advisors LLC increased its holdings in shares of Charles Schwab by 41.1% during the fourth quarter. Procyon Advisors LLC now owns 4,848 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 1,411 shares during the period. Chemistry Wealth Management LLC raised its position in shares of Charles Schwab by 2.5% in the fourth quarter. Chemistry Wealth Management LLC now owns 33,995 shares of the financial services provider’s stock valued at $2,516,000 after buying an additional 844 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $2,483,000 after buying an additional 23,383 shares during the period. Finally, Cranbrook Wealth Management LLC grew its position in Charles Schwab by 27.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 1,740 shares of the financial services provider’s stock worth $129,000 after buying an additional 380 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

SCHW stock opened at $88.72 on Friday. The company has a market capitalization of $161.19 billion, a P/E ratio of 29.67, a PEG ratio of 0.99 and a beta of 0.90. The company has a fifty day moving average price of $78.76 and a 200-day moving average price of $78.41. 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 52-week low of $61.01 and a 52-week high of $88.87.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the business earned $0.74 EPS. As a group, equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s dividend payout ratio is presently 32.73%.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, April 25th. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.33.

Charles Schwab 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.