The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 45.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,562 shares of the financial services provider’s stock after acquiring an additional 2,062 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Charles Schwab were worth $486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the fourth quarter valued at about $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the 4th quarter valued at approximately $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners bought a new stake in Charles Schwab during the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $46,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.33.

Insider Activity

In other news, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the sale, the insider now directly owns 49,204 shares of the company’s stock, valued at $3,936,320. This represents a 14.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 509,701 shares of company stock worth $41,641,353 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.6 %

Shares of NYSE SCHW opened at $79.63 on Friday. The business has a fifty day simple moving average of $79.52 and a 200-day simple moving average of $75.17. The company has a market cap of $144.42 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

Charles Schwab Company 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.