12,623 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Kanawha Capital Management LLC

Kanawha Capital Management LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,623 shares of the financial services provider's stock, valued at approximately $934,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC lifted its position in Charles Schwab by 2.0% during the fourth 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 during the period. N.E.W. Advisory Services LLC increased its stake in shares of Charles Schwab by 1.7% in 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 acquiring an additional 125 shares in the last quarter. Stablepoint Partners LLC lifted its position in Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock valued at $924,000 after acquiring an additional 141 shares during the period. Alliance Wealth Advisors LLC boosted its stake in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock worth $347,000 after acquiring an additional 142 shares in the last quarter. Finally, Index Fund Advisors Inc. boosted its stake in Charles Schwab by 1.6% during the fourth quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider's stock worth $655,000 after acquiring an additional 143 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SCHW shares. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Truist Financial lifted their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Citigroup raised their price target on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Hold" and an average target price of $84.56.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following 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 have sold 502,859 shares of company stock worth $41,161,496 in the last quarter. Company insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded down $1.25 on Monday, hitting $80.32. The company had a trading volume of 9,582,857 shares, compared to its average volume of 8,230,443. 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 12-month low of $61.01 and a 12-month high of $84.50. The stock has a market cap of $142.94 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.02 and a beta of 0.99. The stock's 50-day simple moving average is $78.03 and its 200 day simple moving average is $72.45.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is presently 33.44%.

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.