Marietta Wealth Management LLC Grows Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Marietta Wealth Management LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 69,247 shares of the financial services provider’s stock after buying an additional 1,300 shares during the quarter. Marietta Wealth Management LLC’s holdings in Charles Schwab were worth $5,125,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Manuka Financial LLC bought a new position in Charles Schwab during the 4th quarter valued at about $222,000. Scharf Investments LLC purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $1,093,000. Everett Harris & Co. CA grew its stake in shares of Charles Schwab by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 210,334 shares of the financial services provider’s stock valued at $15,567,000 after buying an additional 1,105 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in Charles Schwab during the 4th quarter valued at $50,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $82.73 on Friday. 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 company has a market cap of $147.22 billion, a PE ratio of 27.67, a PEG ratio of 1.00 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.84. The business’s fifty day simple moving average is $77.97 and its 200-day simple moving average is $71.14.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

A number of research firms have weighed in on SCHW. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Bank of America decreased their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.11.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,014 shares of company stock worth $4,052,281. Company insiders own 6.60% of the company’s stock.

Charles Schwab 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.