Relyea Zuckerberg Hanson LLC Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Relyea Zuckerberg Hanson LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,413 shares of the financial services provider’s stock after acquiring an additional 148 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Charles Schwab were worth $401,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab during the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab during the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Jefferies Financial Group raised their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Piper Sandler raised 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. Finally, The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.63.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.66 during midday trading on Friday, hitting $76.17. 1,264,543 shares of the stock traded hands, compared to its average volume of 7,445,604. 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 1-year low of $61.01 and a 1-year high of $83.35. The business’s 50 day moving average price is $77.58 and its two-hundred day moving average price is $70.60. The firm has a market capitalization of $135.56 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities research analysts predict that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio 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.