Smith Thornton Advisors LLC Invests $322,000 in The Charles Schwab Co. (NYSE:SCHW)

Smith Thornton Advisors LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,356 shares of the financial services provider’s stock, valued at approximately $322,000.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $25,000. Washington Trust Advisors Inc. raised its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the third quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the third quarter valued at $32,000. Finally, Planning Capital Management Corp purchased a new position in shares of Charles Schwab during the third quarter worth about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $73.75 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $77.62 and its two-hundred day moving average is $70.58. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The firm has a market capitalization of $131.25 billion, a PE ratio of 28.81, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Research analysts anticipate that The Charles Schwab Co. will post 3.13 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.63.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

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.