2,939 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Steele Capital Management Inc.

Steele Capital Management Inc. acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,939 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC increased its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab in the fourth quarter valued at $31,000. BluePath Capital Management LLC bought a new position in Charles Schwab in the third quarter worth approximately $34,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Bank of America increased their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Down 0.6 %

Charles Schwab stock traded down $0.47 during midday trading on Tuesday, reaching $74.09. The company’s stock had a trading volume of 1,848,384 shares, compared to its average volume of 7,635,301. The stock has a market capitalization of $131.59 billion, a P/E ratio of 31.03, a PEG ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s 50-day simple moving average is $69.89 and its 200-day simple moving average is $64.17. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $75.55.

Charles Schwab Dividend Announcement

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the transaction, the chief financial officer now directly owns 24,111 shares in the company, valued at $1,584,333.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 394,648 shares of company stock worth $27,400,905. 6.60% of the stock is owned by company insiders.

About Charles Schwab

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.