2,413 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Ethos Financial Group LLC

Ethos Financial Group LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,413 shares of the financial services provider’s stock, valued at approximately $179,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in Charles Schwab by 6.2% in the fourth quarter. Lindbrook Capital LLC now owns 11,647 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 675 shares in the last quarter. Carmel Capital Partners LLC increased its holdings in Charles Schwab by 6.7% in the fourth quarter. Carmel Capital Partners LLC now owns 28,451 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 1,784 shares in the last quarter. Inceptionr LLC increased its holdings in Charles Schwab by 315.9% in the fourth quarter. Inceptionr LLC now owns 15,543 shares of the financial services provider’s stock worth $1,150,000 after purchasing an additional 11,806 shares in the last quarter. Straight Path Wealth Management bought a new stake in Charles Schwab in the fourth quarter worth approximately $202,000. Finally, Raymond James Financial Inc. bought a new stake in Charles Schwab in the fourth quarter worth approximately $189,791,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 491,200 shares of company stock valued at $40,206,950. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 1.6 %

SCHW stock opened at $75.53 on Friday. The stock’s fifty day simple moving average is $78.50 and its two-hundred day simple moving average is $73.86. 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 Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market cap of $136.97 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. 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 was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.43%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Jefferies Financial Group boosted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Truist Financial boosted their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and a consensus target price 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.