The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Warther Private Wealth LLC

Warther Private Wealth LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 22.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 269,060 shares of the financial services provider's stock after purchasing an additional 49,030 shares during the period. Charles Schwab accounts for 6.9% of Warther Private Wealth LLC's portfolio, making the stock its 6th biggest position. Warther Private Wealth LLC's holdings in Charles Schwab were worth $21,062,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SCHW. Norges Bank bought a new position in shares of Charles Schwab during the fourth quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC lifted its position in Charles Schwab by 354.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after purchasing an additional 8,584,173 shares during the last quarter. FMR LLC boosted its stake in Charles Schwab by 69.4% during the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after purchasing an additional 3,974,940 shares during the period. Marshall Wace LLP grew its position in Charles Schwab by 742.0% in the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock worth $309,451,000 after purchasing an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after purchasing an additional 3,216,000 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

SCHW stock traded up $1.59 during midday trading on Monday, hitting $88.95. 7,395,115 shares of the company traded hands, compared to its average volume of 9,422,752. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The stock has a market capitalization of $161.61 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. 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 simple moving average of $83.30 and a 200-day simple moving average of $79.84.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping 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 firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm posted $0.74 EPS. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.21%. Charles Schwab's payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCHW. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Truist Financial raised their price objective on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. TD Securities increased their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.40.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider now owns 15,219 shares in the company, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,608 shares of company stock worth $8,392,040. Insiders own 6.30% of the company's stock.

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.