First Horizon Advisors Inc. Boosts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

First Horizon Advisors Inc. increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,243 shares of the financial services provider’s stock after buying an additional 274 shares during the period. First Horizon Advisors Inc.’s holdings in Charles Schwab were worth $223,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in Charles Schwab by 27.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,076 shares of the financial services provider’s stock valued at $7,196,000 after purchasing an additional 28,241 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in Charles Schwab in the 3rd quarter worth $216,000. Concord Wealth Partners raised its position in Charles Schwab by 161.2% during the third quarter. Concord Wealth Partners now owns 4,796 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 2,960 shares during the period. Everhart Financial Group Inc. purchased a new position in Charles Schwab during the third quarter valued at $268,000. Finally, WealthShield Partners LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at about $1,534,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 58,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, the chairman now directly owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock worth $36,371,155 in the last three months. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.9 %

Charles Schwab stock opened at $76.04 on Monday. The company has a market capitalization of $135.05 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $76.47. The firm has a 50 day moving average price of $70.75 and a 200 day moving average price of $64.80.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, TD Cowen raised their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.