NewEdge Advisors LLC Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

NewEdge Advisors LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,764 shares of the financial services provider's stock after purchasing an additional 5,067 shares during the period. NewEdge Advisors LLC's holdings in Charles Schwab were worth $7,235,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHW. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the fourth quarter valued at about $38,000. Atala Financial Inc acquired a new stake in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC grew its holdings in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 493,482 shares of company stock worth $40,288,720 over the last three months. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

SCHW has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Barclays cut their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.78.

Charles Schwab Price Performance

NYSE:SCHW traded up $1.42 during trading hours on Thursday, hitting $79.27. The stock had a trading volume of 3,044,276 shares, compared to its average volume of 9,295,419. The company has a 50 day simple moving average of $76.87 and a two-hundred day simple moving average of $76.75. The firm has a market capitalization of $143.75 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 0.99 and a beta of 0.91. 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 Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the business earned $0.74 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Charles Schwab 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.