American Money Management LLC Reduces Holdings in The Charles Schwab Co. (NYSE:SCHW)

American Money Management LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,951 shares of the financial services provider's stock after selling 68,298 shares during the quarter. American Money Management LLC's holdings in Charles Schwab were worth $810,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab during the 4th quarter worth $41,000. Knuff & Co LLC grew its position in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners purchased a new stake in shares of Charles Schwab in the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab during the fourth quarter valued at $46,000. Institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCHW. Truist Financial raised their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. UBS Group upped their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Barclays raised their price target on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Redburn Partners dropped their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley boosted their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.28.

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Charles Schwab Trading Up 1.3 %

Charles Schwab stock traded up $1.00 during midday trading on Wednesday, reaching $78.67. The stock had a trading volume of 8,835,458 shares, compared to its average volume of 8,890,475. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a fifty day moving average of $79.52 and a 200 day moving average of $75.67. The firm has a market cap of $142.67 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Charles Schwab's revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares of the company's stock, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 509,701 shares of company stock valued at $41,641,353. 6.60% of the stock is currently owned by company insiders.

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.