Trace Wealth Advisors LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Trace Wealth Advisors LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,200 shares of the financial services provider's stock, valued at approximately $385,000.

Several other large investors have also recently bought and sold shares of the stock. Merit Financial Group LLC grew its position in shares of Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after purchasing an additional 23,383 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $688,000. Cary Street Partners Financial LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $1,455,000. Golden State Equity Partners grew its position in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after purchasing an additional 9,108 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock worth $47,674,000 after purchasing an additional 43,308 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Friday, April 25th. TD Securities increased their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, JMP Securities reiterated 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 analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Insider Activity

In other news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were 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. Over the last 90 days, insiders sold 38,412 shares of company stock valued at $3,014,797. Insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

NYSE:SCHW traded down $1.61 on Wednesday, hitting $87.57. The company had a trading volume of 8,579,684 shares, compared to its average volume of 9,446,024. The stock has a market capitalization of $159.10 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $79.37 and a two-hundred day moving average of $78.67. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.87.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

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.