Private Wealth Partners LLC Boosts Stake in The Charles Schwab Co. (NYSE:SCHW)

Private Wealth Partners LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,528 shares of the financial services provider's stock after buying an additional 11,583 shares during the period. Private Wealth Partners LLC's holdings in Charles Schwab were worth $4,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SCHW. Bryn Mawr Capital Management LLC purchased a new stake in Charles Schwab in the 4th quarter worth approximately $1,583,000. Private Advisor Group LLC lifted its position in Charles Schwab by 4.6% during the fourth quarter. Private Advisor Group LLC now owns 98,159 shares of the financial services provider's stock worth $7,265,000 after buying an additional 4,317 shares in the last quarter. Fagan Associates Inc. lifted its position in Charles Schwab by 5.3% during the fourth quarter. Fagan Associates Inc. now owns 69,628 shares of the financial services provider's stock worth $5,153,000 after buying an additional 3,535 shares in the last quarter. Global Retirement Partners LLC lifted its position in Charles Schwab by 4.1% during the fourth quarter. Global Retirement Partners LLC now owns 29,033 shares of the financial services provider's stock worth $2,149,000 after buying an additional 1,151 shares in the last quarter. Finally, Timber Creek Capital Management LLC lifted its position in Charles Schwab by 0.6% during the fourth quarter. Timber Creek Capital Management LLC now owns 117,923 shares of the financial services provider's stock worth $8,727,000 after buying an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SCHW shares. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. JMP Securities reiterated a "market outperform" rating and set 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 raised their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Truist Financial raised their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Barclays raised their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $86.33.

Charles Schwab Trading Down 1.4 %

Shares of NYSE SCHW traded down $1.16 during trading on Friday, reaching $80.67. The stock had a trading volume of 5,259,593 shares, compared to its average volume of 12,251,890. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. 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 business's 50-day moving average price is $77.97 and its 200-day moving average price is $72.83. The company has a market cap of $143.69 billion, a P/E ratio of 27.03, a PEG ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the previous year, the firm posted $0.68 EPS. Charles Schwab's revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.34%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,300 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business'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. Insiders sold 490,120 shares of company stock valued at $40,127,472 in the last three months. 6.60% of the stock is owned by corporate insiders.

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.