4,074 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,074 shares of the financial services provider's stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc bought a new position in shares of 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 valued at $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab in the fourth quarter valued at about $46,000. Institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business's 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 sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now owns 49,204 shares of the company's stock, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 509,701 shares of company stock valued at $41,641,353 over the last 90 days. 6.60% of the stock is owned by company insiders.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on SCHW shares. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $102.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price target on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.28.

Charles Schwab Trading Up 1.3 %

Shares of NYSE:SCHW traded up $1.00 during mid-day trading on Wednesday, reaching $78.67. The stock had a trading volume of 8,835,458 shares, compared to its average volume of 8,890,475. The firm has a 50 day simple moving average of $79.52 and a two-hundred day simple moving average of $75.67. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a market cap of $142.67 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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, 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 company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio is 36.12%.

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.