Curi Wealth Management LLC Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Curi Wealth Management LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 883.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,156 shares of the financial services provider's stock after acquiring an additional 137,585 shares during the quarter. Charles Schwab makes up 1.5% of Curi Wealth Management LLC's holdings, making the stock its 24th biggest position. Curi Wealth Management LLC's holdings in Charles Schwab were worth $10,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider's stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Fisher Asset Management LLC increased its holdings in Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider's stock worth $1,281,584,000 after acquiring an additional 296,317 shares during the period. Invesco Ltd. increased its holdings in Charles Schwab by 3.3% during the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider's stock worth $854,295,000 after acquiring an additional 502,304 shares during the period. Northern Trust Corp increased its holdings in Charles Schwab by 2.3% during the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider's stock worth $853,721,000 after acquiring an additional 356,112 shares during the period. Finally, Bamco Inc. NY increased its holdings in Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider's stock worth $444,826,000 after acquiring an additional 42,588 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of analyst reports. Barclays upped their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a report on Tuesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Charles Schwab has an average rating of "Hold" and an average price target of $74.47.

Charles Schwab Stock Up 3.1 %

Shares of Charles Schwab stock traded up $2.35 during trading on Tuesday, hitting $77.05. The company's stock had a trading volume of 9,564,298 shares, compared to its average volume of 7,531,490. The company has a market capitalization of $136.94 billion, a PE ratio of 32.15, a P/E/G ratio of 1.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $77.27. The company has a fifty day simple moving average of $71.92 and a two-hundred day simple moving average of $65.87.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities research analysts predict that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 9th. Charles Schwab's payout ratio is 41.84%.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 29,991 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company's stock, valued at $5,522,038.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 685,902 shares of company stock valued at $49,403,092. 6.60% of the stock is owned by insiders.

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.

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