The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,516 shares of the financial services provider's stock after buying an additional 4,024 shares during the period. SageView Advisory Group LLC's holdings in Charles Schwab were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its stake in shares of Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after acquiring an additional 23,383 shares during the last quarter. Synovus Financial Corp lifted its holdings 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 purchasing an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Charles Schwab during the 4th quarter worth $688,000. Golden State Equity Partners grew its holdings in shares of Charles Schwab by 293.9% during the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after buying an additional 9,108 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after buying an additional 43,308 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SCHW shares. UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays dropped their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. reiterated an "outperform" rating and set a $92.00 price objective on shares of Charles Schwab in a research report on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Piper Sandler upped their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Charles Schwab from $93.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average price target of $85.44.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction 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 transaction, the chairman now 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 disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last quarter. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 1.1 %

Charles Schwab stock traded up $0.82 during midday trading on Friday, reaching $76.52. 19,270,925 shares of the stock traded hands, compared to its average volume of 9,296,776. 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 firm has a market cap of $138.77 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a 50-day simple moving average of $77.16 and a two-hundred day simple moving average of $76.49. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 earnings per share. Research analysts expect 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 dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.41%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is presently 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.