4,077 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,077 shares of the financial services provider’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Norges Bank bought a new stake in Charles Schwab in the 4th quarter valued at $1,289,544,000. Primecap Management Co. CA raised its stake in shares of Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider’s stock valued at $314,716,000 after acquiring an additional 3,216,000 shares during the period. Franklin Resources Inc. grew its stake in shares of Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Charles Schwab in the fourth quarter worth approximately $189,791,000. Finally, Veritas Asset Management LLP purchased a new position in Charles Schwab during the 4th quarter valued at $185,649,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SCHW. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Piper Sandler upped their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial increased their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.33.

Insiders Place Their Bets

In other Charles Schwab 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 transaction of $1,181,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now owns 49,204 shares in the company, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,701 shares of company stock worth $41,641,353. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 0.6 %

Shares of SCHW stock opened at $79.63 on Friday. 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 fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a market capitalization of $144.42 billion, a PE ratio of 26.63, a P/E/G ratio of 0.99 and a beta of 0.98. The stock’s 50-day simple moving average is $79.52 and its 200-day simple moving average is $75.17.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company earned $0.68 earnings per share. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

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.