Vise Technologies Inc. Purchases 7,261 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vise Technologies Inc. increased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 148.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,146 shares of the financial services provider's stock after purchasing an additional 7,261 shares during the period. Vise Technologies Inc.'s holdings in Charles Schwab were worth $899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gladstone Institutional Advisory LLC lifted its holdings in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 125 shares in the last quarter. Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after acquiring an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its stake in shares of Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the transaction, the director now directly owns 105,654 shares of the company's stock, valued at $9,303,891.24. This trade represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,735 shares of company stock worth $8,867,382. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded down $0.38 during mid-day trading on Friday, reaching $87.38. 2,159,381 shares of the stock traded hands, compared to its average volume of 9,351,625. 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 Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The business has a 50-day moving average of $80.68 and a two-hundred day moving average of $79.30. The firm has a market capitalization of $158.77 billion, a PE ratio of 29.21, 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. UBS Group upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Piper Sandler upped their price objective on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $89.63.

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.