The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,846 shares of the financial services provider’s stock after acquiring an additional 1,180 shares during the period. Transcend Capital Advisors LLC’s holdings in Charles Schwab were worth $402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter worth about $28,000. Sugarloaf Wealth Management LLC lifted its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $31,000. BluePath Capital Management LLC purchased a new position in shares of Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders sold 394,648 shares of company stock worth $27,400,905 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.6 %

Shares of NYSE:SCHW opened at $74.56 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $69.89 and a 200-day simple moving average of $64.17. The company has a market capitalization of $132.42 billion, a PE ratio of 31.20, a P/E/G ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analysts Set New Price Targets

Several equities analysts have commented on SCHW shares. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler upped their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Two 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. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.47.

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.