5,559 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,559 shares of the financial services provider's stock, valued at approximately $411,000.

A number of other institutional investors also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the 4th quarter worth $38,000. Atala Financial Inc purchased a new stake in Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC boosted its position in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 1.7 %

Shares of Charles Schwab stock traded up $1.29 during trading hours on Wednesday, reaching $77.87. 9,826,007 shares of the company's stock were exchanged, compared to its average volume of 9,319,702. The firm has a market capitalization of $141.22 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. 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 52-week low of $61.01 and a 52-week high of $84.50. The company has a fifty day moving average of $76.91 and a 200-day moving average of $76.74.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the firm posted $0.74 EPS. Sell-side analysts forecast 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. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 502,030 shares of company stock valued at $40,988,118. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research report on Monday. Finally, Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their target price for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.78.

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.