The Charles Schwab Co. (NYSE:SCHW) Shares Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,416 shares of the financial services provider’s stock after acquiring an additional 980 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Charles Schwab were worth $1,881,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gladstone Institutional Advisory LLC lifted its position in Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after buying an additional 124 shares during the period. N.E.W. Advisory Services LLC lifted its position in Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC boosted its position in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after buying an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 509,701 shares of company stock valued at $41,641,353 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $77.79 on Monday. The business has a 50 day simple moving average of $79.55 and a 200 day simple moving average of $75.45. 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 $141.08 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.39%. Charles Schwab’s payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SCHW. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Piper Sandler upped their target price on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their target price 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.33.

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.