9,971 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,971 shares of the financial services provider’s stock, valued at approximately $686,000.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares in the last quarter. Invesco Ltd. grew its stake in shares of Charles Schwab by 3.3% during the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after acquiring an additional 502,304 shares in the last quarter. Northern Trust Corp grew its stake in shares of Charles Schwab by 2.3% during the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after acquiring an additional 356,112 shares in the last quarter. Bamco Inc. NY grew its stake in shares of Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Charles Schwab by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,317,044 shares of the financial services provider’s stock worth $401,706,000 after acquiring an additional 101,920 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the sale, the chairman now owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the sale, the chairman now owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold 394,648 shares of company stock valued at $27,400,905 over the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 0.1 %

SCHW traded up $0.10 during trading on Friday, hitting $74.99. The company’s stock had a trading volume of 5,560,677 shares, compared to its average volume of 7,173,721. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $69.68 and its 200-day moving average price is $63.84. The firm has a market capitalization of $133.19 billion, a P/E ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Barclays raised their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. TD Cowen raised their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Two equities 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.47.

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.