Hanson & Doremus Investment Management Has $9.22 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Hanson & Doremus Investment Management lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 124,562 shares of the financial services provider’s stock after selling 393 shares during the quarter. Charles Schwab makes up approximately 1.4% of Hanson & Doremus Investment Management’s holdings, making the stock its 14th largest holding. Hanson & Doremus Investment Management’s holdings in Charles Schwab were worth $9,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ibex Wealth Advisors acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $255,000. Swedbank AB raised its stake in shares of Charles Schwab by 3.2% in the fourth quarter. Swedbank AB now owns 624,421 shares of the financial services provider’s stock worth $46,213,000 after purchasing an additional 19,160 shares during the last quarter. Allen Capital Group LLC lifted its holdings in shares of Charles Schwab by 8.5% in the fourth quarter. Allen Capital Group LLC now owns 77,035 shares of the financial services provider’s stock valued at $5,701,000 after purchasing an additional 6,067 shares in the last quarter. Forsta AP Fonden boosted its position in shares of Charles Schwab by 9.6% during the fourth quarter. Forsta AP Fonden now owns 365,001 shares of the financial services provider’s stock valued at $27,014,000 after buying an additional 31,900 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Charles Schwab by 26.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 107,693 shares of the financial services provider’s stock worth $7,970,000 after buying an additional 22,802 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.5 %

Shares of Charles Schwab stock opened at $82.13 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $146.17 billion, a PE ratio of 27.47, a P/E/G ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The company’s fifty day simple moving average is $77.86 and its 200-day simple moving average is $70.92.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares in the company, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Citigroup lifted their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.11.

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.