Bernard Wealth Management Corp. Buys Shares of 4,319 The Charles Schwab Co. (NYSE:SCHW)

Bernard Wealth Management Corp. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,319 shares of the financial services provider's stock, valued at approximately $320,000.

Other large investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab in the 4th quarter worth about $38,000. Atala Financial Inc purchased a new stake in Charles Schwab in the 4th quarter worth approximately $41,000. Knuff & Co LLC boosted its holdings 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 purchasing an additional 563 shares during the period. Financial Life Planners bought a new position in Charles Schwab in the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 4.2 %

Shares of Charles Schwab stock traded up $3.12 during midday trading on Friday, reaching $76.97. 14,847,290 shares of the company's stock traded hands, compared to its average volume of 9,287,524. 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 50 day moving average of $77.77 and a 200-day moving average of $76.23. The company has a market cap of $139.59 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

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Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period last year, the company posted $0.68 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SCHW. JMP Securities decreased their target price on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler cut their price objective on Charles Schwab from $78.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares of the company's stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 in the last quarter. 6.60% of the stock is owned by company insiders.

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.