Guggenheim Capital LLC Has $2.06 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Guggenheim Capital LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 64.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,781 shares of the financial services provider's stock after selling 51,261 shares during the quarter. Guggenheim Capital LLC's holdings in Charles Schwab were worth $2,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Merit Financial Group LLC lifted 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 in the last quarter. Synovus Financial Corp increased its holdings in shares of 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 acquiring an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth $688,000. Golden State Equity Partners raised its stake in 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 acquiring an additional 9,108 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in 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 worth $47,674,000 after acquiring an additional 43,308 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 1.7 %

SCHW traded up $1.29 during trading on Wednesday, reaching $77.87. The company had a trading volume of 9,826,007 shares, compared to its average volume of 9,319,702. 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 12-month low of $61.01 and a 12-month high of $84.50. The company has a market cap of $141.22 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 0.99 and a beta of 0.91. The firm's 50-day simple moving average is $76.91 and its 200 day simple moving average is $76.74.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 1.39%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is 36.12%.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 502,030 shares of company stock worth $40,988,118 in the last 90 days. Company insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCHW. Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial lowered their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a research report on Monday. Piper Sandler lifted their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, Barclays reduced their price objective 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $85.78.

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.