Sovereign s Capital Management LLC Buys New Position in The Charles Schwab Co. (NYSE:SCHW)

Sovereign s Capital Management LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, Holdings Channel.com reports. The firm bought 8,503 shares of the financial services provider’s stock, valued at approximately $629,000.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners bought a new stake in Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This represents a 5.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock valued at $3,014,797 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $88.72 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business’s 50 day simple moving average is $78.76 and its two-hundred day simple moving average is $78.47. The stock has a market capitalization of $161.19 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $88.87.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the firm earned $0.74 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Wells Fargo & Company cut their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, Truist Financial increased their target price on Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

About Charles Schwab

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.