5,910 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,910 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other hedge funds have also recently bought and sold shares of the business. Vontobel Holding Ltd. increased its position in Charles Schwab by 7.5% in the 1st quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 1,452 shares during the last quarter. Moors & Cabot Inc. increased its position in Charles Schwab by 4.3% in the 1st quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 259 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Charles Schwab by 25.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 2,648 shares during the last quarter. Brighton Jones LLC increased its position in Charles Schwab by 7.5% in the 1st quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 267 shares during the last quarter. Finally, Covestor Ltd increased its position in Charles Schwab by 16.6% in the 1st quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 176 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley upped their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. TD Cowen increased their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Piper Sandler increased their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $74.47.

Insiders Place Their Bets

In related news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joseph R. Martinetto sold 43,000 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the transaction, the chief operating officer now owns 41,414 shares of the company’s stock, valued at approximately $2,933,353.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 312,800 shares of company stock worth $21,081,569. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

SCHW opened at $73.42 on Friday. The stock’s 50 day moving average price is $68.58 and its two-hundred day moving average price is $63.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $73.88. The firm has a market capitalization of $130.40 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s quarterly revenue was down 18.9% on a year-over-year basis. On average, equities analysts forecast that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Charles Schwab 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.