Unique Wealth Strategies LLC Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

Unique Wealth Strategies LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,971 shares of the financial services provider’s stock, valued at approximately $686,000.

Other institutional investors also recently bought and sold shares of the company. Courier Capital LLC boosted its position in Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after acquiring an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Red Spruce Capital LLC boosted its position in Charles Schwab by 0.4% during the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after acquiring an additional 172 shares in the last quarter. Uncommon Cents Investing LLC boosted its position in Charles Schwab by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 175 shares in the last quarter. Finally, Diligent Investors LLC boosted its position in Charles Schwab by 3.0% during the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 176 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab 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 completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock worth $27,400,905 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $0.10 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 company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The firm has a fifty day moving average price of $69.68 and a 200-day moving average price of $63.84. The company has a market capitalization of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Two 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, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.47.

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.