Peterson Wealth Services Has $477,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Peterson Wealth Services grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,880 shares of the financial services provider’s stock after acquiring an additional 2,018 shares during the quarter. Peterson Wealth Services’ holdings in Charles Schwab were worth $477,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter worth approximately $28,000. Sugarloaf Wealth Management LLC boosted its holdings 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 during the last quarter. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $32,000. BluePath Capital Management LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 1.3 %

SCHW stock traded up $0.91 during mid-day trading on Thursday, reaching $73.41. The company’s stock had a trading volume of 1,538,661 shares, compared to its average volume of 7,663,589. The company has a market cap of $130.38 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s 50 day moving average price is $68.17 and its 200 day moving average price is $62.82. 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 Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, equities research analysts predict that The Charles Schwab Co. will post 3.41 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the business’s 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 transaction, the chairman now owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 over the last 90 days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent analyst reports. Raymond James cut their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Piper Sandler increased their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America increased their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.