HF Advisory Group LLC Grows Position in The Charles Schwab Co. (NYSE:SCHW)

HF Advisory Group LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,869 shares of the financial services provider’s stock after purchasing an additional 492 shares during the quarter. Charles Schwab comprises approximately 1.3% of HF Advisory Group LLC’s holdings, making the stock its 20th largest holding. HF Advisory Group LLC’s holdings in Charles Schwab were worth $2,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC increased its holdings in Charles Schwab by 13.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 17,151 shares of the financial services provider’s stock valued at $1,269,000 after purchasing an additional 2,096 shares in the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $252,000. Krilogy Financial LLC boosted its stake in shares of Charles Schwab by 1.9% in the fourth quarter. Krilogy Financial LLC now owns 19,281 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 364 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Charles Schwab during the 4th quarter valued at $422,000. Finally, Trust Co. of Vermont increased its stake in Charles Schwab by 13.4% during the 4th quarter. Trust Co. of Vermont now owns 1,791 shares of the financial services provider’s stock worth $133,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the 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 completion of the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,823 shares of company stock valued at $2,171,194. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.4 %

SCHW stock opened at $76.53 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s 50-day simple moving average is $77.68 and its 200 day simple moving average is $70.65. The stock has a market cap of $136.20 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35.

Charles Schwab Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $74.00 to $95.00 in a report on Monday, December 9th. Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. 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, Citigroup cut their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $81.41.

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.