Orion Portfolio Solutions LLC Has $14.22 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Orion Portfolio Solutions LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,191 shares of the financial services provider's stock after purchasing an additional 70,126 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Charles Schwab were worth $14,224,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Merit Financial Group LLC increased its holdings in Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after purchasing an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after buying an additional 5,937 shares in the last quarter. Synovus Financial Corp raised its position in Charles Schwab by 46.0% in the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock valued at $4,400,000 after buying an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC bought a new stake in Charles Schwab in the 4th quarter valued at approximately $688,000. Finally, Golden State Equity Partners boosted its position in Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after acquiring an additional 9,108 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Remove Ads

Charles Schwab Stock Performance

SCHW traded up $0.85 on Wednesday, reaching $78.52. The company had a trading volume of 3,240,551 shares, compared to its average volume of 11,322,730. The stock has a market cap of $142.39 billion, a P/E ratio of 26.26, a P/E/G ratio of 0.99 and a beta of 0.98. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company's fifty day moving average is $79.52 and its 200 day moving average is $75.67.

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, beating the consensus estimate of $0.90 by $0.11. The company 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 firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, analysts predict that The Charles Schwab Co. will post 4.22 earnings per share 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 issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company'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 sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 509,701 shares of company stock valued at $41,641,353. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. JMP Securities reissued a "market outperform" rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Redburn Partners decreased their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Truist Financial increased their price target on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.28.

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.