Noble Wealth Management PBC Purchases Shares of 8,725 The Charles Schwab Co. (NYSE:SCHW)

Noble Wealth Management PBC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,725 shares of the financial services provider’s stock, valued at approximately $646,000.

Several other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE grew its stake in shares of Charles Schwab by 3.9% in the fourth quarter. US Bancorp DE now owns 2,435,414 shares of the financial services provider’s stock worth $180,245,000 after purchasing an additional 90,985 shares during the last quarter. Fisher Asset Management LLC boosted its position in Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after acquiring an additional 265,708 shares in the last quarter. SVB Wealth LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $6,420,000. Private Trust Co. NA boosted its position in Charles Schwab by 6.1% during the 4th quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 309 shares in the last quarter. Finally, First American Bank boosted its position in Charles Schwab by 2.6% during the 4th quarter. First American Bank now owns 52,738 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 1,341 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 487,820 shares of company stock valued at $39,938,849. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $79.71 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a market cap of $141.99 billion, a P/E ratio of 26.66, a PEG ratio of 0.99 and a beta of 0.99. The company has a 50 day moving average of $78.37 and a 200 day moving average of $73.54. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is 36.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SCHW shares. Morgan Stanley lifted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $86.33.

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.