The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,424 shares of the financial services provider’s stock after purchasing an additional 5,764 shares during the quarter. Apollon Wealth Management LLC’s holdings in Charles Schwab were worth $2,988,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. lifted its stake in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the last quarter. Bamco Inc. NY grew its position in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after buying an additional 42,588 shares during the last quarter. Retirement Systems of Alabama lifted its position in Charles Schwab by 13.0% in the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after acquiring an additional 152,967 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCHW. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods raised 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. Barclays upped their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

NYSE SCHW traded down $1.32 during trading on Tuesday, reaching $75.54. 7,336,819 shares of the company traded hands, compared to its average volume of 7,602,173. The stock’s 50 day moving average price is $71.00 and its two-hundred day moving average price is $64.98. The Charles Schwab Co. has a 1-year low of $46.55 and a 1-year high of $77.05. The company has a market cap of $134.16 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid 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 currently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock worth $36,371,155 in the last quarter. 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.