Arcataur Capital Management LLC Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Arcataur Capital Management LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,398 shares of the financial services provider’s stock after purchasing an additional 750 shares during the period. Arcataur Capital Management LLC’s holdings in Charles Schwab were worth $548,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. lifted its stake in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter worth about $32,000. Finally, Planning Capital Management Corp acquired a new position in shares of Charles Schwab during the third quarter worth about $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

NYSE SCHW opened at $83.18 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.04. The business has a fifty day moving average of $77.99 and a 200-day moving average of $71.66. The stock has a market cap of $148.04 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 33.44%.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on 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 approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SCHW shares. Piper Sandler lifted 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. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley raised their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.50.

Charles Schwab Company 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.