GHP Investment Advisors Inc. Has $4.82 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

GHP Investment Advisors Inc. raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 65,159 shares of the financial services provider’s stock after purchasing an additional 1,082 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Charles Schwab were worth $4,822,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Klein Pavlis & Peasley Financial Inc. increased its position in shares of Charles Schwab by 3.9% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 58,798 shares of the financial services provider’s stock worth $4,352,000 after buying an additional 2,229 shares during the period. Bleakley Financial Group LLC grew its holdings in Charles Schwab by 0.9% during the 4th quarter. Bleakley Financial Group LLC now owns 25,344 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 228 shares during the period. YANKCOM Partnership bought a new position in shares of Charles Schwab in the 4th quarter worth about $107,000. Choreo LLC lifted its stake in shares of Charles Schwab by 5.2% in the 4th quarter. Choreo LLC now owns 123,458 shares of the financial services provider’s stock valued at $9,128,000 after purchasing an additional 6,047 shares during the period. Finally, Confluence Wealth Services Inc. bought a new stake in shares of Charles Schwab during the 4th quarter valued at about $236,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 2.1 %

Shares of SCHW stock opened at $83.62 on Friday. The company has a market capitalization of $148.81 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.94. The business’s fifty day moving average is $77.97 and its 200 day moving average is $71.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.18 EPS 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. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SCHW. The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price target (up from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Cowen boosted their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.50.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is currently owned by corporate insiders.

About Charles Schwab

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.