Savvy Advisors Inc. Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Savvy Advisors Inc. raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 251.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,397 shares of the financial services provider's stock after purchasing an additional 13,879 shares during the period. Savvy Advisors Inc.'s holdings in Charles Schwab were worth $1,436,000 at the end of the most recent reporting period.

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

Charles Schwab Trading Up 1.1 %

NYSE:SCHW traded up $0.82 during midday trading on Thursday, reaching $76.52. 19,270,925 shares of the stock traded hands, compared to its average volume of 9,294,657. The stock has a market capitalization of $138.77 billion, a P/E ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91. 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 company has a fifty day moving average of $77.39 and a 200 day moving average of $76.32. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.41%. Charles Schwab's payout ratio is 36.12%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated 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 sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last quarter. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SCHW shares. JPMorgan Chase & Co. restated an "outperform" rating and set a $92.00 target price 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 price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday. Truist Financial dropped their target price on shares of Charles Schwab from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Keefe, Bruyette & Woods decreased their price target on shares of Charles Schwab from $93.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Finally, TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.44.

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.