Whitener Capital Management Inc. Has $853,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Whitener Capital Management Inc. increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,530 shares of the financial services provider’s stock after acquiring an additional 680 shares during the quarter. Whitener Capital Management Inc.’s holdings in Charles Schwab were worth $853,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its position in shares of Charles Schwab by 21.1% during the 2nd quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 4,395 shares during the period. Canada Pension Plan Investment Board grew its stake in Charles Schwab by 12.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,693,022 shares of the financial services provider’s stock valued at $124,759,000 after acquiring an additional 185,388 shares in the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at about $1,625,000. King Luther Capital Management Corp lifted its holdings in shares of Charles Schwab by 79.4% during the 2nd quarter. King Luther Capital Management Corp now owns 26,492 shares of the financial services provider’s stock worth $1,952,000 after acquiring an additional 11,721 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in Charles Schwab by 8.1% in the 2nd quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after buying an additional 4,081 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $76.53 on Friday. The business has a 50-day simple moving average of $77.63 and a 200-day simple moving average of $70.63. The company has a market cap of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business posted $0.77 earnings per share. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SCHW shares. Raymond James decreased their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Citigroup reduced their price objective on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $81.41.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last 90 days. Insiders own 6.60% 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.