Leonard Rickey Investment Advisors P.L.L.C. Has $754,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Leonard Rickey Investment Advisors P.L.L.C. lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,193 shares of the financial services provider’s stock after purchasing an additional 1,912 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Charles Schwab were worth $754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter worth $25,000. Washington Trust Advisors Inc. raised its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC bought a new position in Charles Schwab during the third quarter worth about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the third quarter valued at about $32,000. Finally, Planning Capital Management Corp bought a new stake in shares of Charles Schwab in the third quarter worth about $33,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. 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 in the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Citigroup lowered 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 report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $95.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $81.41.

Charles Schwab Trading Up 1.4 %

NYSE SCHW opened at $76.53 on Tuesday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $77.68 and a 200-day moving average of $70.61. The company has a market cap of $136.20 billion, a PE ratio of 29.90, a PEG ratio of 1.41 and a beta of 0.99.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.