ST Germain D J Co. Inc. Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

ST Germain D J Co. Inc. lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,618 shares of the financial services provider’s stock after buying an additional 436 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Charles Schwab were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Charles Schwab by 16.3% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock worth $4,301,000 after purchasing an additional 8,156 shares during the last quarter. Michael S. Ryan Inc. increased its position in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. Collective Family Office LLC bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $202,000. Spartan Planning & Wealth Management bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $227,000. Finally, Diversified Trust Co increased its position in shares of Charles Schwab by 13.3% in the fourth quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 962 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $72.79 on Friday. The stock has a fifty day moving average of $77.57 and a 200 day moving average of $70.64. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. The firm has a market capitalization of $129.54 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 1.37%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research analyst reports. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America reduced their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.69.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 5.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently owned by company insiders.

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.