6,947 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Naviter Wealth LLC

Naviter Wealth LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,947 shares of the financial services provider's stock, valued at approximately $514,000.

Several other large investors also recently added to or reduced their stakes in SCHW. Gladstone Institutional Advisory LLC lifted its position in shares of 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 worth $462,000 after purchasing an additional 124 shares during the period. N.E.W. Advisory Services LLC lifted its holdings in Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC boosted its position in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after acquiring an additional 127 shares during the period. Finally, Stablepoint Partners LLC raised its position in shares of Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock worth $924,000 after acquiring an additional 141 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by insiders.

Charles Schwab Price Performance

NYSE SCHW traded up $1.82 during trading hours on Wednesday, reaching $74.29. The company's stock had a trading volume of 11,310,499 shares, compared to its average volume of 12,262,797. 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 stock has a market cap of $134.72 billion, a PE ratio of 24.84, a PEG ratio of 0.99 and a beta of 0.98. The company's 50-day moving average is $78.42 and its two-hundred day moving average is $74.16. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. 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. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.45%. Charles Schwab's dividend payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCHW. Jefferies Financial Group raised their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, December 9th. JMP Securities restated a "market outperform" rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Two investment 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 MarketBeat.com, Charles Schwab has a consensus rating of "Hold" and a consensus price target of $86.33.

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.