ST. Nicholas Private Asset Management Inc. Acquires New Holdings in The Charles Schwab Co. (NYSE:SCHW)

ST. Nicholas Private Asset Management Inc. acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,330 shares of the financial services provider’s stock, valued at approximately $246,000.

Other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter worth about $31,000. Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the third quarter worth about $33,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab in the third quarter worth about $33,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 490,120 shares of company stock worth $40,127,472 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 1.6 %

Shares of SCHW stock opened at $80.50 on Friday. The stock has a 50 day moving average of $77.98 and a 200 day moving average of $73.02. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. 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 dividend yield of 1.34%. Charles Schwab’s payout ratio is 36.12%.

Analyst Ratings Changes

Several brokerages have weighed in on SCHW. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Citigroup raised their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $86.33.

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.