The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 0.0% in the fourth quarter, Holdings Channel reports. The firm owned 937,683 shares of the financial services provider’s stock after acquiring an additional 380 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Charles Schwab were worth $69,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SCHW. Washington Trust Advisors Inc. lifted its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab during the 3rd quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,968 shares of company stock valued at $8,842,821 over the last three months. 6.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SCHW has been the subject of a number of recent research reports. Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $95.00 in a research note on Monday, December 9th. Cowen increased their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.69.

Charles Schwab Stock Performance

Charles Schwab stock opened at $72.79 on Friday. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The stock has a fifty day moving average of $77.57 and a two-hundred day moving average of $70.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $129.54 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

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.