The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,430,811 shares of the financial services provider's stock after selling 122,166 shares during the quarter. Blair William & Co. IL owned about 0.08% of Charles Schwab worth $105,894,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab in the 4th quarter worth about $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. Knuff & Co LLC grew its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares during the last quarter. Financial Life Planners bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab in the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Up 0.1 %

Shares of Charles Schwab stock traded up $0.07 on Monday, reaching $77.88. The stock had a trading volume of 2,589,502 shares, compared to its average volume of 8,828,899. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $141.24 billion, a P/E ratio of 26.05, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a 50 day moving average price of $79.55 and a 200 day moving average price of $75.45. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCHW. UBS Group boosted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $86.33.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction 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 completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the business's 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 in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,701 shares of company stock worth $41,641,353. 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.