Raab & Moskowitz Asset Management LLC Purchases New Position in The Charles Schwab Co. (NYSE:SCHW)

Raab & Moskowitz Asset Management LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,201 shares of the financial services provider’s stock, valued at approximately $607,000.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares during the period. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares during the period. KBC Group NV raised its holdings in shares of Charles Schwab by 186.7% in the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock valued at $158,236,000 after buying an additional 1,392,255 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Charles Schwab during the third quarter worth about $86,845,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,514 shares of company stock valued at $3,859,731. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent research reports. Truist Financial boosted their price target on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler boosted their target price on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Jefferies Financial Group increased their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average target price of $84.56.

Charles Schwab Stock Down 1.0 %

SCHW opened at $82.37 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $146.59 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The business’s fifty day moving average is $78.04 and its two-hundred day moving average is $72.11.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given 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 dividend yield of 1.31%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is currently 33.44%.

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.