Total Wealth Planning & Management Inc. Acquires New Position in The Charles Schwab Co. (NYSE:SCHW)

Total Wealth Planning & Management Inc. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,836 shares of the financial services provider's stock, valued at approximately $580,000.

Several other hedge funds also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Charles Schwab during the fourth quarter worth $82,351,000. Bernard Wealth Management Corp. acquired a new position in shares of Charles Schwab during the fourth quarter worth about $275,000. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Charles Schwab by 10.9% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 5,794 shares of the financial services provider's stock worth $429,000 after purchasing an additional 568 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $406,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded down $0.40 during mid-day trading on Thursday, reaching $87.65. 7,799,852 shares of the stock traded hands, compared to its average volume of 9,379,960. 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 business has a 50-day moving average of $80.53 and a two-hundred day moving average of $79.24. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The firm has a market capitalization of $159.25 billion, a PE ratio of 29.31, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned $0.74 earnings per share. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,088 shares of company stock worth $8,105,928 over the last quarter. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lifted 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. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. UBS Group lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

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.