Fidelis Capital Partners LLC Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

Fidelis Capital Partners LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,910 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Charles Schwab during the first quarter worth approximately $32,000. BluePath Capital Management LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $34,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.7 %

Shares of SCHW opened at $73.42 on Friday. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.88. The stock has a market capitalization of $130.40 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.07 and a beta of 1.01. 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 stock has a fifty day moving average of $68.58 and a 200-day moving average of $63.02.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. Charles Schwab’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.42 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders sold 312,800 shares of company stock worth $21,081,569 over the last three months. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday. Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Citigroup upped their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley upped their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Piper Sandler upped their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Three 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

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.