5T Wealth LLC Invests $491,000 in The Charles Schwab Co. (NYSE:SCHW)

5T Wealth LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,630 shares of the financial services provider's stock, valued at approximately $491,000.

Several other large investors also recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC grew its holdings in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after purchasing an additional 125 shares during the period. Stablepoint Partners LLC grew its holdings in shares of Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock worth $924,000 after purchasing an additional 141 shares during the period. Index Fund Advisors Inc. grew its holdings in shares of Charles Schwab by 1.6% during the 4th quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider's stock worth $655,000 after purchasing an additional 143 shares during the period. Finally, Michael S. Ryan Inc. grew its holdings in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider's stock worth $444,000 after purchasing an additional 144 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Citigroup increased their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Barclays raised their target price on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $86.33.

Insider Buying and Selling

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 502,859 shares of company stock worth $41,161,496 in the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Down 0.2 %

Shares of NYSE SCHW traded down $0.13 during midday trading on Thursday, hitting $81.88. 9,361,765 shares of the company's stock were exchanged, compared to its average volume of 12,480,031. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market cap of $145.84 billion, a PE ratio of 27.38, a P/E/G ratio of 0.99 and a beta of 0.99. The firm's fifty day simple moving average is $77.98 and its 200-day simple moving average is $72.76.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the company earned $0.68 EPS. The business's quarterly revenue was up 19.5% on a year-over-year basis. Research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

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.