Wayfinding Financial LLC Acquires New Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wayfinding Financial LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,439 shares of the financial services provider's stock, valued at approximately $254,000.

Several other hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab in the third quarter worth $31,000. Atala Financial Inc acquired a new stake in Charles Schwab in the fourth quarter worth about $41,000. Knuff & Co LLC grew its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners acquired a new position in Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab during the 4th quarter worth about $46,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Up 1.1 %

Shares of SCHW stock traded up $0.85 on Tuesday, reaching $80.81. 7,661,020 shares of the company's stock traded hands, compared to its average volume of 8,449,622. The company has a market capitalization of $146.55 billion, a P/E ratio of 27.03, a price-to-earnings-growth 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 quick ratio of 0.47 and a current ratio of 0.47. The business's 50 day moving average price is $79.31 and its two-hundred day moving average price is $75.11.

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Charles Schwab (NYSE:SCHW - Get Free Report) last released 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. The company had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current 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 is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's dividend payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCHW shares. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Truist Financial boosted their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $86.33.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the 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 completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock valued at $40,952,233 in the last quarter. Company insiders own 6.60% of the company's stock.

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.