The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 151,360 shares of the financial services provider’s stock after acquiring an additional 3,132 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Charles Schwab were worth $11,202,000 as of its most recent SEC filing.

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

Charles Schwab Price Performance

Charles Schwab stock opened at $88.06 on Friday. The stock has a market capitalization of $159.70 billion, a P/E ratio of 29.45, a P/E/G ratio of 0.99 and a beta of 0.90. The company’s fifty day moving average price is $78.44 and its 200 day moving average price is $78.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $88.45.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. Charles Schwab’s payout ratio is currently 32.73%.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,412 shares of company stock worth $3,014,797 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, April 25th. Morgan Stanley raised their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler upped their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.33.

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.