Navellier & Associates Inc. Purchases 2,955 Shares of The Charles Schwab Co. (NYSE:SCHW)

Navellier & Associates Inc. lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,055 shares of the financial services provider’s stock after buying an additional 2,955 shares during the quarter. Navellier & Associates Inc.’s holdings in Charles Schwab were worth $818,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Variant Private Wealth LLC bought a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $774,000. VisionPoint Advisory Group LLC lifted its holdings in Charles Schwab by 3.8% in the 4th quarter. VisionPoint Advisory Group LLC now owns 20,846 shares of the financial services provider’s stock worth $1,539,000 after purchasing an additional 768 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its holdings in Charles Schwab by 217.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider’s stock worth $3,578,000 after purchasing an additional 33,100 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Aspen Investment Management Inc lifted its holdings in Charles Schwab by 13.1% in the 4th quarter. Aspen Investment Management Inc now owns 16,257 shares of the financial services provider’s stock worth $1,203,000 after purchasing an additional 1,886 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $80.50 on Friday. The business’s fifty day moving average price is $77.98 and its two-hundred day moving average price is $73.02. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a market capitalization of $143.38 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating 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 firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 490,120 shares of company stock worth $40,127,472. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SCHW. Barclays boosted their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $94.00 price target (up 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.33.

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.