TCV Trust & Wealth Management Inc. Makes New $228,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

TCV Trust & Wealth Management Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,082 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently modified their holdings of SCHW. N.E.W. Advisory Services LLC increased its holdings in Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after buying an additional 125 shares in the last quarter. Stablepoint Partners LLC increased its stake in Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 141 shares in the last quarter. Alliance Wealth Advisors LLC raised its holdings in Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares during the last quarter. Index Fund Advisors Inc. boosted its position in Charles Schwab by 1.6% during the fourth quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 143 shares in the last quarter. Finally, Michael S. Ryan Inc. grew its holdings in Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $1,181,690.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,514 shares of company stock valued at $3,859,731. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 2.9 %

NYSE SCHW opened at $83.51 on Wednesday. The company has a 50-day moving average of $77.99 and a 200-day moving average of $71.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a market cap of $148.61 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. As a group, equities analysts predict that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.29%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. Piper Sandler lifted their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.56.

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.