Bellwether Advisors LLC Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

Bellwether Advisors LLC acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,770 shares of the financial services provider's stock, valued at approximately $353,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the fourth quarter valued at about $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $41,000. Knuff & Co LLC raised its position in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners bought a new position in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab during the fourth quarter valued at approximately $46,000. Institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Piper Sandler lifted their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Barclays reduced their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $87.22.

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 493,482 shares of company stock valued at $40,288,720. Company insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 0.2 %

Shares of NYSE SCHW traded up $0.16 during trading hours on Wednesday, hitting $81.42. The company's stock had a trading volume of 8,232,789 shares, compared to its average volume of 9,353,198. 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 business has a 50-day simple moving average of $76.79 and a 200-day simple moving average of $77.25. The stock has a market cap of $147.66 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.33%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

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.