The Charles Schwab Co. (NYSE:SCHW) Holdings Boosted by Klingman & Associates LLC

Klingman & Associates LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,083 shares of the financial services provider’s stock after purchasing an additional 125 shares during the period. Klingman & Associates LLC’s holdings in Charles Schwab were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Allspring Global Investments Holdings LLC grew its position in Charles Schwab by 11.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 740,592 shares of the financial services provider’s stock worth $47,998,000 after purchasing an additional 78,712 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Charles Schwab by 4.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,730 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 809 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Charles Schwab by 32.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,010 shares of the financial services provider’s stock valued at $65,000 after buying an additional 246 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Charles Schwab by 5.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 23,528 shares of the financial services provider’s stock valued at $1,525,000 after buying an additional 1,186 shares during the period. Finally, Calton & Associates Inc. boosted its stake in shares of Charles Schwab by 17.3% during the 3rd quarter. Calton & Associates Inc. now owns 4,094 shares of the financial services provider’s stock valued at $265,000 after buying an additional 605 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 502,859 shares of company stock valued at $41,161,496. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.7 %

SCHW stock opened at $82.03 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a 50-day moving average of $77.98 and a two-hundred day moving average of $72.76. The stock has a market capitalization of $146.11 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price 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. Citigroup lifted their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Truist Financial lifted their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.33.

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.