Beverly Hills Private Wealth LLC Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Beverly Hills Private Wealth LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,310 shares of the financial services provider's stock after acquiring an additional 5,793 shares during the period. Charles Schwab comprises about 1.3% of Beverly Hills Private Wealth LLC's investment portfolio, making the stock its 14th biggest holding. Beverly Hills Private Wealth LLC's holdings in Charles Schwab were worth $6,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $41,000. Knuff & Co LLC boosted its stake in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners purchased a new position in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter valued at $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.5 %

Charles Schwab stock traded up $0.40 during midday trading on Friday, hitting $84.50. 3,096,812 shares of the stock were exchanged, compared to its average volume of 9,372,397. The business's 50-day moving average price is $77.29 and its 200-day moving average price is $77.75. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $153.25 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $85.19.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the company posted $0.74 EPS. On average, research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

Insider Activity

In other Charles Schwab news, 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 value of $783,838.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,041 shares of company stock worth $41,072,558 in the last quarter. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SCHW shares. Morgan Stanley upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target for the company in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Truist Financial cut their price objective on Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.22.

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.