Oregon Pacific Wealth Management LLC Purchases Shares of 9,295 The Charles Schwab Co. (NYSE:SCHW)

Oregon Pacific Wealth Management LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,295 shares of the financial services provider’s stock, valued at approximately $688,000.

Other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC grew its position in shares of Charles Schwab by 230.1% in the 4th 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 last quarter. Benjamin Edwards Inc. boosted its position in shares of Charles Schwab by 2,840.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,937 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Charles Schwab by 46.0% during the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 21,377 shares in the last quarter. Patten & Patten Inc. TN boosted its position in shares of Charles Schwab by 155.9% during the 3rd quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock valued at $6,751,000 after purchasing an additional 63,463 shares in the last quarter. Finally, Equity Investment Corp boosted its position in shares of Charles Schwab by 9.4% during the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock valued at $106,299,000 after purchasing an additional 140,643 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were 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. Over the last quarter, insiders have sold 50,014 shares of company stock worth $4,052,281. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $82.73 on Monday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.84. The business has a fifty day moving average price of $77.97 and a 200-day moving average price of $71.16. 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 firm has a market capitalization of $147.22 billion, a P/E ratio of 27.67, a PEG ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 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 firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. 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%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Raymond James dropped their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $90.00 price target (up from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.11.

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.