Trajan Wealth LLC Has $4.79 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Trajan Wealth LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,745 shares of the financial services provider's stock after purchasing an additional 6,497 shares during the quarter. Trajan Wealth LLC's holdings in Charles Schwab were worth $4,792,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Merit Financial Group LLC increased its holdings in Charles Schwab by 230.1% during the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after buying an additional 23,383 shares during the last quarter. Synovus Financial Corp grew its position in shares of Charles Schwab by 46.0% in the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock valued at $4,400,000 after acquiring an additional 21,377 shares during the period. Oregon Pacific Wealth Management LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth about $688,000. Golden State Equity Partners raised its holdings in shares of Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after purchasing an additional 9,108 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Charles Schwab by 7.3% during the fourth 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 during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 493,482 shares of company stock valued at $40,288,720. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SCHW shares. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday. Redburn Partners decreased their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Finally, Barclays reduced their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

Charles Schwab Price Performance

NYSE SCHW traded up $1.00 during trading on Friday, hitting $80.38. 4,279,757 shares of the company's stock were exchanged, compared to its average volume of 9,309,864. The company has a market cap of $145.77 billion, a PE ratio of 26.88, a P/E/G ratio of 0.99 and a beta of 0.91. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock's 50 day moving average price is $76.85 and its two-hundred day moving average price is $76.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company earned $0.74 EPS. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.34%. Charles Schwab's dividend payout ratio is presently 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.