The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by William Allan Corp

William Allan Corp increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,936 shares of the financial services provider’s stock after acquiring an additional 781 shares during the period. Charles Schwab makes up about 2.3% of William Allan Corp’s portfolio, making the stock its 19th largest holding. William Allan Corp’s holdings in Charles Schwab were worth $3,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Charles Schwab by 10.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 194,324 shares of the financial services provider’s stock worth $14,382,000 after buying an additional 17,804 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Charles Schwab by 5.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,541,413 shares of the financial services provider’s stock worth $262,100,000 after acquiring an additional 194,807 shares during the period. RNC Capital Management LLC purchased a new position in Charles Schwab during the fourth quarter valued at $1,748,000. Spectrum Asset Management Inc. NB CA grew its position in shares of Charles Schwab by 0.7% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 65,631 shares of the financial services provider’s stock valued at $4,857,000 after purchasing an additional 464 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth about $2,691,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SCHW shares. Truist Financial reiterated a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday. Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Piper Sandler raised their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.50.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,014 shares of company stock worth $4,052,281. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $83.62 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $148.81 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The company’s 50 day simple moving average is $77.97 and its 200-day simple moving average is $71.57. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.44%.

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.