The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Lathrop Investment Management Corp

Lathrop Investment Management Corp raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,615 shares of the financial services provider’s stock after acquiring an additional 577 shares during the period. Charles Schwab accounts for about 2.9% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 13th biggest holding. Lathrop Investment Management Corp’s holdings in Charles Schwab were worth $14,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Unique Wealth Strategies LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth approximately $686,000. Private Wealth Partners LLC raised its holdings in Charles Schwab by 20.5% during the fourth quarter. Private Wealth Partners LLC now owns 36,091 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 6,134 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in Charles Schwab by 0.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 99,200 shares of the financial services provider’s stock worth $6,825,000 after purchasing an additional 328 shares in the last quarter. Golden State Equity Partners raised its holdings in Charles Schwab by 50.1% during the fourth quarter. Golden State Equity Partners now owns 19,111 shares of the financial services provider’s stock worth $1,315,000 after purchasing an additional 6,383 shares in the last quarter. Finally, Markel Group Inc. raised its holdings in Charles Schwab by 4.5% during the fourth quarter. Markel Group Inc. now owns 1,334,766 shares of the financial services provider’s stock worth $91,832,000 after purchasing an additional 58,000 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on SCHW. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. JMP Securities reissued a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, April 16th. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Citigroup boosted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 0.1 %

NYSE:SCHW traded up $0.10 during trading hours on Friday, reaching $74.99. The company’s stock had a trading volume of 5,560,677 shares, compared to its average volume of 7,173,721. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55. The business’s 50-day moving average is $69.68 and its 200-day moving average is $63.84.

Charles Schwab Dividend Announcement

The company 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 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock valued at $27,400,905 in the last quarter. Insiders own 6.60% of the company’s stock.

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.