Nicolet Advisory Services LLC Has $1.54 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Nicolet Advisory Services LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,174 shares of the financial services provider’s stock after acquiring an additional 1,019 shares during the period. Nicolet Advisory Services LLC’s holdings in Charles Schwab were worth $1,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Disciplined Investors L.L.C. acquired a new stake in Charles Schwab during the 4th quarter worth $1,017,000. Bryce Point Capital LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth $554,000. Huntington National Bank boosted its holdings in Charles Schwab by 65.9% during the fourth quarter. Huntington National Bank now owns 35,148 shares of the financial services provider’s stock worth $2,601,000 after purchasing an additional 13,957 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in Charles Schwab during the fourth quarter worth $852,000. Finally, Groupama Asset Managment acquired a new stake in Charles Schwab in the 4th quarter valued at $2,423,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SCHW. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler increased their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $87.28.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $78.67 on Thursday. The stock has a market cap of $142.67 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company’s fifty day moving average is $79.48 and its 200 day moving average is $75.69. 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 issued 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 analyst estimates 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 was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

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.