Kestra Private Wealth Services LLC Has $853,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Kestra Private Wealth Services LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,398 shares of the financial services provider’s stock after acquiring an additional 2,006 shares during the period. Kestra Private Wealth Services LLC’s holdings in Charles Schwab were worth $853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Van ECK Associates Corp grew its position in Charles Schwab by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 5,387,681 shares of the financial services provider’s stock worth $370,673,000 after acquiring an additional 87,395 shares during the last quarter. Steele Capital Management Inc. acquired a new position in Charles Schwab during the 4th quarter worth about $202,000. Greatmark Investment Partners Inc. lifted its holdings in Charles Schwab by 5.0% during the 4th quarter. Greatmark Investment Partners Inc. now owns 300,625 shares of the financial services provider’s stock worth $20,683,000 after buying an additional 14,200 shares during the period. Investment House LLC acquired a new position in Charles Schwab during the 4th quarter worth about $3,070,000. Finally, Retirement Systems of Alabama lifted its holdings in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after buying an additional 152,967 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW opened at $76.04 on Friday. The company has a market cap of $135.05 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.11 and a beta of 0.98. The business’s fifty day simple moving average is $70.75 and its two-hundred day simple moving average is $64.63. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $76.47. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on SCHW shares. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Barclays lifted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Piper Sandler boosted 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. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods boosted 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.47.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold 514,459 shares of company stock valued at $36,371,155 over the last ninety days. Insiders own 6.60% of the company’s stock.

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.