Orion Portfolio Solutions LLC Grows Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Orion Portfolio Solutions LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,191 shares of the financial services provider’s stock after acquiring an additional 70,126 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Charles Schwab were worth $14,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the fourth quarter valued at about $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the 4th quarter valued at about $41,000. Knuff & Co LLC raised its position in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Piper Sandler raised their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $77.79 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The firm’s 50-day moving average is $79.55 and its 200 day moving average is $75.28. The stock has a market cap of $141.08 billion, a price-to-earnings ratio of 26.02, a PEG 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 issued its 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 for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 8,614 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares of the company’s stock, valued at approximately $3,936,320. The trade was a 14.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 509,701 shares of company stock worth $41,641,353 over the last quarter. 6.60% of the stock is currently owned by insiders.

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.