Eagle Bluffs Wealth Management LLC Has $2.95 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Eagle Bluffs Wealth Management LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,866 shares of the financial services provider’s stock after buying an additional 1,058 shares during the quarter. Charles Schwab accounts for about 1.6% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 19th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in Charles Schwab were worth $2,950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SCHW. DAVENPORT & Co LLC grew its stake in Charles Schwab by 3.1% during the fourth quarter. DAVENPORT & Co LLC now owns 264,745 shares of the financial services provider’s stock valued at $19,590,000 after acquiring an additional 8,029 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Charles Schwab by 9.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 46,301 shares of the financial services provider’s stock valued at $3,427,000 after buying an additional 3,899 shares during the period. Brio Consultants LLC purchased a new stake in shares of Charles Schwab in the 4th quarter worth about $202,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of Charles Schwab in the 4th quarter worth about $328,000. Finally, Marietta Wealth Management LLC lifted its position in Charles Schwab by 1.9% during the 4th quarter. Marietta Wealth Management LLC now owns 69,247 shares of the financial services provider’s stock valued at $5,125,000 after acquiring an additional 1,300 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,014 shares of company stock worth $4,052,281. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of analyst reports. Citigroup lifted their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Truist Financial reiterated a “buy” rating and set a $90.00 target price (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Cowen raised their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Bank of America decreased their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.11.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $82.73 on Friday. The stock has a fifty day moving average price of $77.97 and a two-hundred day moving average price of $71.14. 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 firm has a market cap of $147.22 billion, a P/E ratio of 27.67, a PEG ratio of 1.00 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.84.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the firm posted $0.68 earnings per share. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. Research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a positive change 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 1.31%. Charles Schwab’s payout ratio is presently 33.44%.

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.