The Charles Schwab Co. (NYSE:SCHW) is Greatmark Investment Partners Inc.’s 7th Largest Position

Greatmark Investment Partners Inc. lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331,785 shares of the financial services provider’s stock after purchasing an additional 6,298 shares during the quarter. Charles Schwab comprises about 3.3% of Greatmark Investment Partners Inc.’s holdings, making the stock its 7th biggest holding. Greatmark Investment Partners Inc.’s holdings in Charles Schwab were worth $24,555,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HMV Wealth Advisors LLC purchased a new position in shares of Charles Schwab in the fourth quarter valued at approximately $628,000. Postrock Partners LLC purchased a new position in shares of Charles Schwab in the fourth quarter valued at approximately $1,116,000. Intact Investment Management Inc. boosted its stake in shares of Charles Schwab by 21.8% in the fourth quarter. Intact Investment Management Inc. now owns 14,300 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,560 shares during the period. Atala Financial Inc purchased a new position in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Finally, LBP AM SA purchased a new position in shares of Charles Schwab in the fourth quarter valued at approximately $3,596,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $77.28 on Friday. The firm’s fifty day simple moving average is $78.47 and its 200-day simple moving average is $74.25. The stock has a market capitalization of $140.15 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. 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 announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SCHW shares. UBS Group raised their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Truist Financial lifted their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.33.

Insider Activity

In other Charles Schwab news, 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 value of $38,057,761.39. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock valued at $40,952,233 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

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.