Vestmark Advisory Solutions Inc. Buys 1,158 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vestmark Advisory Solutions Inc. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,506 shares of the financial services provider’s stock after purchasing an additional 1,158 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Charles Schwab were worth $3,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Washington Trust Advisors Inc. lifted its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the 3rd quarter worth $31,000. Planning Capital Management Corp bought a new stake in shares of Charles Schwab during the 3rd quarter worth $33,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Charles Schwab during the 3rd quarter worth $35,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Citigroup increased their target price on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Truist Financial increased their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Trading Down 1.6 %

NYSE SCHW opened at $75.53 on Friday. The business has a 50 day simple moving average of $78.50 and a 200 day simple moving average of $73.86. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS 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 during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,200 shares of company stock valued at $40,206,950 over the last 90 days. Company 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.