Trajan Wealth LLC Raises Position in The Charles Schwab Co. (NYSE:SCHW)

Trajan Wealth LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,745 shares of the financial services provider's stock after purchasing an additional 6,497 shares during the quarter. Trajan Wealth LLC's holdings in Charles Schwab were worth $4,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares during the period. Franklin Resources Inc. increased its stake in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after acquiring an additional 265,708 shares during the period. Finally, Norges Bank bought a new position in Charles Schwab during the fourth quarter worth $1,289,544,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded up $1.51 during midday trading on Thursday, hitting $79.36. The company's stock had a trading volume of 8,422,937 shares, compared to its average volume of 9,316,440. The stock has a market cap of $143.92 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 0.99 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock's 50-day moving average price is $76.87 and its 200 day moving average price is $76.75. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $0.74 earnings per share. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SCHW shares. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Barclays decreased their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.78.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 493,482 shares of company stock worth $40,288,720. Insiders own 6.30% of the company's stock.

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.