8,773 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Skopos Labs Inc.

Skopos Labs Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHWFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,773 shares of the financial services provider’s stock, valued at approximately $604,000.

A number of other institutional investors also recently bought and sold shares of SCHW. Sugarloaf Wealth Management LLC increased its position in Charles Schwab by 60.0% during 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. Frazier Financial Advisors LLC bought a new position in Charles Schwab in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab during the 4th quarter valued at about $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab during the 4th quarter valued at about $34,000. Finally, Providence Capital Advisors LLC bought a new position in shares of Charles Schwab in the third quarter worth approximately $28,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 0.1 %

Shares of NYSE:SCHW traded down $0.07 during trading hours on Friday, hitting $72.27. 6,123,550 shares of the company’s stock traded hands, compared to its average volume of 7,601,517. The firm has a market capitalization of $128.44 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The business has a fifty day moving average price of $73.50 and a 200-day moving average price of $67.05. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities analysts expect 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 will be paid on Friday, May 24th. Stockholders 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 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is presently 41.84%.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Bank of America raised 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, April 16th. Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, TD Cowen cut their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.12.

Get Our Latest Analysis on SCHW

Insider Activity

In other news, CFO Peter B. Crawford sold 5,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total value of $361,405.00. Following the completion of the sale, the chief financial officer now owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 5,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total value of $361,405.00. Following the transaction, the chief financial officer now owns 24,111 shares in the company, valued at approximately $1,584,333.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 622,536 shares of company stock worth $46,208,155. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.