2,801 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Acas LLC

Acas LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,801 shares of the financial services provider’s stock, valued at approximately $229,000.

Other large investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. raised its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $31,000. Planning Capital Management Corp acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,200 shares of company stock worth $40,206,950 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Truist Financial increased their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler increased their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Performance

SCHW opened at $75.53 on Friday. The business’s 50-day moving average price is $78.50 and its two-hundred day moving average price is $73.86. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a market capitalization of $136.97 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.43%. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

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.