The Charles Schwab Co. (NYSE:SCHW) is Salvus Wealth Management LLC’s 6th Largest Position

Salvus Wealth Management LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,433 shares of the financial services provider’s stock after selling 385 shares during the period. Charles Schwab makes up about 3.5% of Salvus Wealth Management LLC’s holdings, making the stock its 6th biggest position. Salvus Wealth Management LLC’s holdings in Charles Schwab were worth $5,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter worth $25,000. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC purchased a new stake in Charles Schwab in the 3rd quarter valued at approximately $32,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab during the 3rd quarter valued at $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Citigroup lowered their price target on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.63.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $75.40 on Friday. The firm has a market cap of $134.19 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The firm’s 50-day simple moving average is $77.58 and its 200-day simple moving average is $70.60. 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 released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Equities analysts forecast that The Charles Schwab Co. will post 3.13 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s payout ratio is currently 39.06%.

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.