The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by DRW Securities LLC

DRW Securities LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 84.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,896 shares of the financial services provider’s stock after acquiring an additional 5,891 shares during the quarter. DRW Securities LLC’s holdings in Charles Schwab were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gladstone Institutional Advisory LLC raised its stake in Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 124 shares during the period. N.E.W. Advisory Services LLC raised its stake in Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 125 shares during the period. Klingman & Associates LLC raised its stake in Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares during the period. Finally, Personal CFO Solutions LLC grew its position in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 7.9 %

Shares of NYSE:SCHW opened at $75.48 on Thursday. 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 cap of $136.90 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The firm has a 50 day simple moving average of $78.05 and a 200 day simple moving average of $75.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

Several research analysts have commented on SCHW shares. Truist Financial decreased their target price on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Barclays decreased their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the transaction, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

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.