Atria Wealth Solutions Inc. Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Atria Wealth Solutions Inc. raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,375 shares of the financial services provider’s stock after acquiring an additional 2,769 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Charles Schwab were worth $2,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Eastern Bank bought a new stake in Charles Schwab in the 3rd quarter valued at about $109,000. International Assets Investment Management LLC increased its stake in shares of Charles Schwab by 7,559.9% in the third quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after purchasing an additional 878,163 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Charles Schwab by 53.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 52,307 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 18,119 shares during the period. DT Investment Partners LLC lifted its stake in shares of Charles Schwab by 24.0% during the 3rd quarter. DT Investment Partners LLC now owns 1,545 shares of the financial services provider’s stock valued at $100,000 after buying an additional 299 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its stake in shares of Charles Schwab by 3.8% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 64,336 shares of the financial services provider’s stock valued at $4,170,000 after buying an additional 2,385 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SCHW shares. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Redburn Partners decreased their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler raised their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.33.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,300 shares of the 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 directly owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 490,120 shares of company stock valued at $40,127,472. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $80.50 on Friday. The company has a market capitalization of $143.38 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a fifty day moving average of $77.98 and a 200-day moving average of $72.95.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

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.