Little House Capital LLC Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Little House Capital LLC raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,418 shares of the financial services provider’s stock after purchasing an additional 649 shares during the period. Charles Schwab accounts for approximately 1.3% of Little House Capital LLC’s portfolio, making the stock its 23rd largest holding. Little House Capital LLC’s holdings in Charles Schwab were worth $3,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $31,000. BluePath Capital Management LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SCHW shares. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.10 during midday trading on Friday, reaching $74.99. The company’s stock had a trading volume of 5,560,677 shares, compared to its average volume of 7,173,721. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $69.68 and a 200 day moving average price of $63.92. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

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

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold 394,648 shares of company stock worth $27,400,905 over the last 90 days. 6.60% of the stock is owned by company insiders.

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.