The Charles Schwab Co. (NYSE:SCHW) Stock Position Increased by Gray Wealth Management Inc.

Gray Wealth Management Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,552 shares of the financial services provider’s stock after buying an additional 278 shares during the quarter. Gray Wealth Management Inc.’s holdings in Charles Schwab were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Xponance Inc. increased its holdings in shares of Charles Schwab by 8.4% in the fourth quarter. Xponance Inc. now owns 192,922 shares of the financial services provider’s stock valued at $13,273,000 after buying an additional 14,972 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Charles Schwab by 4.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,451 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 200 shares during the period. Wright Investors Service Inc. increased its stake in Charles Schwab by 9.3% in the 4th quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock worth $3,245,000 after purchasing an additional 4,001 shares in the last quarter. Peterson Wealth Services raised its holdings in Charles Schwab by 41.5% during the 4th quarter. Peterson Wealth Services now owns 6,880 shares of the financial services provider’s stock worth $477,000 after buying an additional 2,018 shares during the period. Finally, HF Advisory Group LLC lifted its stake in Charles Schwab by 27.0% during the fourth quarter. HF Advisory Group LLC now owns 30,816 shares of the financial services provider’s stock valued at $2,120,000 after buying an additional 6,559 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHW. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Piper Sandler lifted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the sale, the chairman now owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 over the last 90 days. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.6 %

SCHW traded up $0.43 during midday trading on Thursday, hitting $72.93. 8,166,995 shares of the company’s stock traded hands, compared to its average volume of 7,755,649. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $129.53 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock’s fifty day simple moving average is $68.17 and its 200-day simple moving average is $62.82. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.88.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. Charles Schwab’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

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.