The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 84,439 shares of the financial services provider’s stock after purchasing an additional 890 shares during the period. Charles Schwab makes up approximately 2.0% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 12th largest position. Mezzasalma Advisors LLC’s holdings in Charles Schwab were worth $6,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vest Financial LLC raised its stake in Charles Schwab by 24.3% during the 4th quarter. Vest Financial LLC now owns 8,556 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 1,672 shares in the last quarter. BayBridge Capital Group LLC grew its holdings in shares of Charles Schwab by 1.6% during the fourth quarter. BayBridge Capital Group LLC now owns 19,541 shares of the financial services provider’s stock worth $1,446,000 after purchasing an additional 309 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in shares of Charles Schwab by 3.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 7,378 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 256 shares in the last quarter. Capital Management Associates Inc boosted its position in shares of Charles Schwab by 12.5% in the 4th quarter. Capital Management Associates Inc now owns 4,062 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 451 shares during the period. Finally, Arcataur Capital Management LLC grew its stake in Charles Schwab by 11.3% during the 4th quarter. Arcataur Capital Management LLC now owns 7,398 shares of the financial services provider’s stock worth $548,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial reiterated a “buy” rating and set a $90.00 price target (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America decreased their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Finally, Citigroup upped their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.50.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $83.18 on Friday. The firm has a market capitalization of $148.04 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. 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 business’s 50 day simple moving average is $77.99 and its 200-day simple moving average is $71.66. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.04.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is presently 33.44%.

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.