The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Gray Wealth Management Inc.

Gray Wealth Management Inc. grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,552 shares of the financial services provider’s stock after purchasing an additional 278 shares during the period. Gray Wealth Management Inc.’s holdings in Charles Schwab were worth $313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signet Financial Management LLC increased its stake in Charles Schwab by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after buying an additional 139 shares during the period. Courier Capital LLC increased its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV raised its stake in shares of Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 164 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Finally, Red Spruce Capital LLC grew its stake in Charles Schwab by 0.4% during the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the completion of the sale, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the sale, the director now owns 581,457 shares in the company, valued at $41,207,857.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,584 shares of company stock valued at $14,200,769. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.43 during mid-day trading on Thursday, reaching $72.93. 8,166,995 shares of the company’s stock were exchanged, compared to its average volume of 7,755,649. The stock has a market capitalization of $129.53 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s fifty day simple moving average is $68.17 and its 200-day simple moving average is $62.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, equities research analysts expect that The Charles Schwab Co. will post 3.41 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SCHW shares. Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America boosted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. increased their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.47.

About Charles Schwab

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.