The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Forum Financial Management LP

Forum Financial Management LP increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,636 shares of the financial services provider’s stock after acquiring an additional 2,336 shares during the period. Forum Financial Management LP’s holdings in Charles Schwab were worth $1,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after buying an additional 38,201 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Charles Schwab by 11.2% during the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock valued at $2,348,000 after acquiring an additional 3,637 shares during the last quarter. Sculati Wealth Management LLC boosted its stake in shares of Charles Schwab by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock worth $2,786,000 after acquiring an additional 315 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth $9,211,000. Finally, Sfmg LLC raised its position in shares of Charles Schwab by 2.5% during the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock worth $3,794,000 after purchasing an additional 1,444 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Up 1.1 %

Shares of Charles Schwab stock opened at $76.52 on Friday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50 day simple moving average is $77.16 and its 200 day simple moving average is $76.49. The firm has a market cap of $138.77 billion, a PE ratio of 25.59, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the company earned $0.74 earnings per share. On average, analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase 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 recent analyst reports. JMP Securities decreased their price target on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reiterated an “outperform” rating and issued a $92.00 target price on shares of Charles Schwab in a report on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Finally, Truist Financial cut their target price on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $85.44.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 513,081 shares of company stock worth $41,903,066. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab 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.