Wealth Alliance Has $1.38 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wealth Alliance boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,103 shares of the financial services provider’s stock after buying an additional 176 shares during the quarter. Wealth Alliance’s holdings in Charles Schwab were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Charles Schwab by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after acquiring an additional 391,238 shares during the period. Morgan Stanley lifted its holdings in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after acquiring an additional 8,563,389 shares during the period. Norges Bank bought a new position in Charles Schwab during the 4th quarter valued at about $1,325,555,000. Finally, Invesco Ltd. lifted its holdings in Charles Schwab by 3.3% during the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after purchasing an additional 502,304 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 2.6 %

Shares of NYSE:SCHW opened at $73.05 on Wednesday. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.65. The company has a 50 day moving average of $67.97 and a 200-day moving average of $62.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $129.74 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter in the previous year, the company earned $1.07 EPS. Charles Schwab’s revenue was down 18.9% on a year-over-year basis. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SCHW shares. Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Bank of America lifted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.47.

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.