Client 1ST Advisory Group LLC Makes New $320,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Client 1ST Advisory Group LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,322 shares of the financial services provider's stock, valued at approximately $320,000.

A number of other large investors have also made changes to their positions in SCHW. Intech Investment Management LLC grew its holdings in shares of Charles Schwab by 21.1% during the 2nd quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider's stock valued at $1,857,000 after acquiring an additional 4,395 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Charles Schwab by 79.4% in the 2nd quarter. King Luther Capital Management Corp now owns 26,492 shares of the financial services provider's stock valued at $1,952,000 after purchasing an additional 11,721 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Charles Schwab by 8.1% in the second quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider's stock worth $4,030,000 after purchasing an additional 4,081 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Charles Schwab by 4.6% during the second quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider's stock valued at $7,859,000 after buying an additional 4,696 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in shares of Charles Schwab by 10.4% in the second quarter. Legacy Financial Advisors Inc. now owns 3,725 shares of the financial services provider's stock worth $274,000 after buying an additional 351 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their target price on Charles Schwab from $74.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $77.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Piper Sandler boosted their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Citigroup dropped their price target on Charles Schwab from $85.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Finally, Truist Financial raised Charles Schwab to a "strong-buy" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.41.

Insider Activity at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company's stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last quarter. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Price Performance

NYSE SCHW traded up $1.02 during trading hours on Monday, reaching $76.53. 12,277,167 shares of the company's stock were exchanged, compared to its average volume of 6,817,749. The firm has a fifty day moving average of $77.68 and a 200-day moving average of $70.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The stock has a market cap of $136.20 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's payout ratio is presently 39.06%.

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.