The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Americana Partners LLC

Americana Partners LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1,228.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,159 shares of the financial services provider's stock after purchasing an additional 97,244 shares during the quarter. Americana Partners LLC's holdings in Charles Schwab were worth $7,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the 3rd quarter worth about $25,000. Washington Trust Advisors Inc. boosted its holdings 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 valued at $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $31,000. Planning Capital Management Corp bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. Institutional investors own 84.38% of the company's stock.

Insider Activity

In related news, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 502,859 shares of company stock valued at $41,161,496 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

SCHW traded down $0.13 during trading on Thursday, reaching $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 stock has a market capitalization of $145.84 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company's fifty day simple moving average is $77.98 and its 200-day simple moving average is $72.76. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted 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 firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. As a group, research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab's payout ratio is 36.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.