Atria Investments Inc Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

Atria Investments Inc lessened its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 141,169 shares of the financial services provider's stock after selling 16,543 shares during the period. Atria Investments Inc's holdings in Charles Schwab were worth $10,448,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHW. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Veritas Asset Management LLP purchased a new stake in shares of Charles Schwab in the 4th quarter worth approximately $185,649,000. Massachusetts Financial Services Co. MA lifted its position in shares of Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the period. KBC Group NV lifted its position in shares of Charles Schwab by 186.7% in the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider's stock worth $158,236,000 after purchasing an additional 1,392,255 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Charles Schwab during the 3rd quarter worth approximately $86,845,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.99 during midday trading on Friday, reaching $74.58. The company's stock had a trading volume of 12,013,673 shares, compared to its average volume of 12,083,828. The firm has a market capitalization of $135.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The stock has a fifty day moving average of $78.50 and a 200 day moving average of $73.92. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. 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 1.45%. Charles Schwab's dividend payout ratio is 36.12%.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Truist Financial boosted their price objective 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. Finally, Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Hold" and a consensus price target of $86.33.

Insider Buying and Selling

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock valued at $40,952,233. Corporate insiders own 6.60% of the company's stock.

Charles Schwab 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.