Wolff Wiese Magana LLC Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Wolff Wiese Magana LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6,830.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,297 shares of the financial services provider's stock after acquiring an additional 4,235 shares during the quarter. Wolff Wiese Magana LLC's holdings in Charles Schwab were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Charles Schwab by 3.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,992 shares of the financial services provider's stock worth $444,000 after acquiring an additional 172 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in Charles Schwab in the fourth quarter valued at approximately $257,000. Assenagon Asset Management S.A. increased its stake in Charles Schwab by 31.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,498,961 shares of the financial services provider's stock valued at $110,938,000 after purchasing an additional 360,692 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Charles Schwab by 1.5% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 179,530 shares of the financial services provider's stock worth $13,287,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Charles Schwab by 25.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider's stock worth $1,363,000 after buying an additional 3,789 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Charles Schwab from $90.00 to $89.00 and set an "equal weight" rating for the company in a research report on Tuesday. Cowen lifted their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Finally, Truist Financial raised Charles Schwab to a "strong-buy" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.63.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company's stock, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,623 shares of company stock worth $4,321,562. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

NYSE SCHW traded up $1.41 during trading hours on Wednesday, hitting $73.75. 8,362,302 shares of the stock were exchanged, compared to its average volume of 8,064,133. 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 company has a market cap of $131.25 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The stock has a 50-day moving average of $77.62 and a 200 day moving average of $70.58.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.77 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is currently 39.06%.

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.