The Charles Schwab Co. (NYSE:SCHW) Holdings Lifted by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738,600 shares of the financial services provider’s stock after buying an additional 114,096 shares during the period. Charles Schwab makes up 4.2% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 8th largest holding. Sandhill Capital Partners LLC’s holdings in Charles Schwab were worth $50,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SCHW. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter worth $31,000. Hall Laurie J Trustee purchased a new position in Charles Schwab during the 4th quarter worth $34,000. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 268 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the transaction, the chairman now owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 58,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the sale, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 389,167 shares of company stock worth $26,987,035. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCHW. TD Cowen raised their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Price Performance

SCHW traded down $0.33 during midday trading on Thursday, reaching $74.86. 6,374,160 shares of the company’s stock were exchanged, compared to its average volume of 7,758,854. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $132.96 billion, a PE ratio of 31.33, a P/E/G ratio of 1.10 and a beta of 1.01. The business’s 50-day moving average price is $69.27 and its 200 day moving average price is $63.60. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

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.