Oliver Luxxe Assets LLC Expands Stake in The Charles Schwab Co.

Oliver Luxxe Assets LLC has significantly increased its investment in The Charles Schwab Co. (NYSE:SCHW) by 61.9% during the fourth quarter. This increase was detailed in the company's recent filing with the Securities & Exchange Commission. As a result, the institutional investor now holds 60,655 shares of Charles Schwab after acquiring an additional 23,187 shares during this period. The total value of Oliver Luxxe Assets LLC's holdings in Charles Schwab is approximately $4,489,000 based on the latest disclosure.

Investment Activity of Other Institutions

Other institutional investors and hedge funds have also been active in buying and selling shares of Charles Schwab. For instance, TD Asset Management Inc raised its position by 3.5% in the second quarter, now owning 536,906 shares valued at $39,565,000 after acquiring 18,121 additional shares. Similarly, Victory Capital Management Inc increased its stake by 4.0% during the same quarter, bringing its total to 579,518 shares worth $42,705,000 after purchasing 22,208 shares. New York Life Investment Management LLC also slightly increased its shares by 0.8%, now owning 204,902 shares valued at $15,099,000 after an additional purchase of 1,707 shares.

Private Advisor Group LLC raised its stake by 11.2%, owning 104,276 shares valued at $7,684,000 following the purchase of 10,534 shares. Candriam S.C.A. also lifted its holdings in Charles Schwab by 9.0%, now owning 98,226 shares with a total value of $7,238,000 after acquiring an additional 8,118 shares. It is noteworthy that 84.38% of the company’s stock is currently owned by hedge funds and other institutional investors.

Recent Insider Sales

In related news, there have been some insider transactions at Charles Schwab. Jonathan S. Beatty, an insider, sold 2,300 shares of the company's stock on November 25th, at an average share price of $82.01, resulting in a total value of $188,623. Following this transaction, Beatty now owns 18,069 shares, a value of about $1,481,839, marking an 11.29% reduction in his stake. Another insider, Nigel J. Murtagh, sold 12,739 shares on November 22nd at an average price of $81.17, amounting to a value of approximately $1,034,024.53. After this sale, Murtagh owns 59,092 shares valued at around $4,796,498, reflecting a 17.73% decrease in his ownership. It has been reported that in the past 90 days, insiders have sold a total of 118,968 shares worth $8,842,821, while corporate insiders collectively own about 6.60% of the company’s shares.

Charles Schwab Stock Performance

As for the performance of Charles Schwab’s stock, it experienced a slight decline of 0.0%, trading at $74.44 during midday on Monday. The trading volume was 4,866,882 shares, which is below the average of 5,001,241 shares. The company has seen a 1-year low of $59.67 and a high of $83.35, reflecting its market capitalization of $132.48 billion. The P/E ratio is recorded at 29.08, along with a P/E/G ratio of 1.76 and a beta of 0.99. The debt-to-equity ratio stands at 0.59, with a quick ratio of 0.47, and the current ratio is also at 0.47. The 50-day simple moving average is $77.40, while the 200-day simple moving average is $70.61.

Quarterly Financial Results

Charles Schwab posted its quarterly earnings results on October 15th, reporting an EPS of $0.77, surpassing the consensus estimate of $0.75 by $0.02. The total revenue for the quarter was $4.85 billion, exceeding analysts' expectations of $4.78 billion. The company’s net margin was reported at 27.47%, with a return on equity of 16.92%, representing a year-over-year revenue growth of 5.2%. Last year during the same quarter, the company had also posted an EPS of $0.77. Analysts are predicting that Charles Schwab will post an EPS of 3.12 for the current year.

Dividend Announcement

Additionally, the company announced a quarterly dividend, which was distributed on November 22nd. Shareholders of record as of November 8th received a $0.25 dividend, which translates to an annualized dividend of $1.00 and a dividend yield of 1.34%. The ex-dividend date for this distribution was also on November 8th, and Charles Schwab’s dividend payout ratio is 39.06%.

Analyst Recommendations

Recent comments from analysts indicate a varied outlook on the stock. Cowen adjusted their target price for Charles Schwab from $69 to $75, maintaining a “hold” rating. Citigroup lowered their target price from $75 to $72, setting a “neutral” rating. StockNews.com upgraded the stock from a “sell” to a “hold” rating, while Morgan Stanley raised their objective price from $68 to $74, assigning an “equal weight” rating. Raymond James also cut their target from $76 to $73. Current data reveals that one analyst rates the stock as a sell, eight as hold, and eight analysts have issued a buy rating, leading to an average rating of investments, stocks, institutional