Ethos Financial Group LLC Makes New $344,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Ethos Financial Group LLC purchased a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,984 shares of the financial services provider’s stock, valued at approximately $344,000.

Several other large investors have also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. raised its position in shares of Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares during the last quarter. Bamco Inc. NY lifted its stake in Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after purchasing an additional 152,967 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after buying an additional 160,719 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.9 %

Shares of SCHW traded down $0.71 during midday trading on Thursday, hitting $75.44. The company had a trading volume of 5,788,372 shares, compared to its average volume of 7,558,584. The Charles Schwab Co. has a 1 year low of $46.55 and a 1 year high of $77.05. The firm has a market capitalization of $133.99 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The company’s 50-day simple moving average is $71.42 and its 200-day simple moving average is $65.23.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,587 shares of company stock valued at $47,399,731. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Piper Sandler increased their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.47.

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.