Norden Group LLC Purchases 1,782 Shares of The Charles Schwab Co. (NYSE:SCHW)

Norden Group LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 22.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,752 shares of the financial services provider’s stock after acquiring an additional 1,782 shares during the period. Norden Group LLC’s holdings in Charles Schwab were worth $722,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SCHW. Farther Finance Advisors LLC increased its holdings in shares of Charles Schwab by 2.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,350 shares of the financial services provider’s stock worth $1,773,000 after acquiring an additional 751 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of Charles Schwab by 12.8% during the 3rd quarter. Pure Financial Advisors LLC now owns 5,480 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 622 shares during the last quarter. BSW Wealth Partners increased its holdings in shares of Charles Schwab by 29.8% during the 3rd quarter. BSW Wealth Partners now owns 5,847 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 1,344 shares during the last quarter. TrueWealth Advisors LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $213,000. Finally, KG&L Capital Management LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $587,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $78.08 on Tuesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. 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 $139.08 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The business has a 50-day moving average of $78.44 and a 200-day moving average of $73.76.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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 company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Buying and Selling

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 stock was sold at an average price of $81.91, for a total transaction 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 $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler upped their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley upped their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Charles Schwab presently 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.