CENTRAL TRUST Co Purchases 991 Shares of The Charles Schwab Co. (NYSE:SCHW)

CENTRAL TRUST Co grew its position in The Charles Schwab Co. (NYSE:SCHW) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,509 shares of the financial services provider’s stock after purchasing an additional 991 shares during the period. CENTRAL TRUST Co’s holdings in Charles Schwab were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. increased its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $33,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 0.0 %

Charles Schwab stock opened at $82.76 on Tuesday. The stock has a market cap of $147.28 billion, a P/E ratio of 27.68, a PEG ratio of 1.01 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 $83.84. The firm’s fifty day moving average price is $77.97 and its 200-day moving average price is $71.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.44%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, 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. Insiders have sold a total of 50,014 shares of company stock valued at $4,052,281 over the last 90 days. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Piper Sandler increased their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley increased their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.11.

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.