2,705 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Forte Capital LLC ADV

Forte Capital LLC ADV bought a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,705 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other institutional investors also recently bought and sold shares of SCHW. Hardy Reed LLC increased its stake in Charles Schwab by 1.3% in the 4th quarter. Hardy Reed LLC now owns 13,225 shares of the financial services provider’s stock worth $979,000 after buying an additional 166 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Charles Schwab by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 533,712 shares of the financial services provider’s stock worth $39,500,000 after buying an additional 52,845 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its stake in Charles Schwab by 0.4% in the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 162,359 shares of the financial services provider’s stock worth $12,016,000 after buying an additional 718 shares in the last quarter. Ieq Capital LLC increased its stake in Charles Schwab by 32.4% in the 4th quarter. Ieq Capital LLC now owns 77,685 shares of the financial services provider’s stock worth $5,749,000 after buying an additional 19,020 shares in the last quarter. Finally, Abacus Planning Group Inc. purchased a new stake in Charles Schwab in the 4th quarter worth $220,000. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $103.00 in a research report on Tuesday. Morgan Stanley raised their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Stock Down 1.6 %

Shares of NYSE SCHW opened at $80.50 on Friday. 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 company has a market cap of $143.38 billion, a P/E ratio of 26.92, a PEG ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The firm has a 50-day simple moving average of $77.98 and a two-hundred day simple moving average of $72.95.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 490,120 shares of company stock valued at $40,127,472. Corporate insiders own 6.60% of the company’s stock.

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.