Keel Point LLC Has $375,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Keel Point LLC grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,450 shares of the financial services provider’s stock after purchasing an additional 512 shares during the quarter. Keel Point LLC’s holdings in Charles Schwab were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Providence Capital Advisors LLC acquired a new stake in Charles Schwab in the third quarter worth $28,000. Sugarloaf Wealth Management LLC increased its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Charles Schwab during the 1st quarter worth $32,000. BluePath Capital Management LLC bought a new position in Charles Schwab during the third quarter worth about $34,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab in the fourth quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 2.6 %

Charles Schwab stock opened at $73.05 on Wednesday. The stock has a 50-day simple moving average of $67.97 and a 200 day simple moving average of $62.75. The stock has a market capitalization of $129.74 billion, a P/E ratio of 30.56, a PEG ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.65.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the firm earned $1.07 EPS. The firm’s revenue was down 18.9% compared to the same quarter last year. Analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,584 shares of company stock valued at $14,200,769. Company insiders own 6.60% of the company’s stock.

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.