Wealthspire Advisors LLC Has $2.69 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Wealthspire Advisors LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,152 shares of the financial services provider’s stock after buying an additional 902 shares during the period. Wealthspire Advisors LLC’s holdings in Charles Schwab were worth $2,694,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC grew its position in shares of 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 buying an additional 165 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the 4th quarter valued at about $31,000. Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter valued at approximately $34,000. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the 3rd quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc raised its holdings 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 buying an additional 268 shares during the period. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SCHW. TD Cowen upped their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Citigroup lifted their price objective 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. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.47.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 65,790 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $76.40, for a total value of $5,026,356.00. Following the sale, the chairman now owns 60,906,686 shares in the company, valued at $4,653,270,810.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 65,790 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the sale, the chairman now directly owns 60,906,686 shares in the company, valued at $4,653,270,810.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 66,225 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $75.51, for a total transaction of $5,000,649.75. Following the completion of the transaction, the chairman now owns 60,972,476 shares of the company’s stock, valued at approximately $4,604,031,662.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 659,587 shares of company stock valued at $47,399,731. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.85 during mid-day trading on Wednesday, reaching $76.40. The company had a trading volume of 5,189,835 shares, compared to its average volume of 7,574,732. The Charles Schwab Co. has a one year low of $46.55 and a one year high of $77.05. The business’s 50-day simple moving average is $71.20 and its 200 day simple moving average is $65.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $135.68 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.11 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. On average, research analysts predict that The Charles Schwab Co. will post 3.42 earnings per share for the current fiscal year.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

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.