Boston Common Asset Management LLC Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Boston Common Asset Management LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 32.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,646 shares of the financial services provider's stock after selling 113,207 shares during the quarter. Boston Common Asset Management LLC's holdings in Charles Schwab were worth $17,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Virtu Financial LLC grew its stake in Charles Schwab by 311.8% during the 2nd quarter. Virtu Financial LLC now owns 17,858 shares of the financial services provider's stock valued at $1,316,000 after purchasing an additional 13,521 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Charles Schwab by 4.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 75,859 shares of the financial services provider's stock worth $5,590,000 after buying an additional 3,388 shares during the period. Waterloo Capital L.P. raised its position in Charles Schwab by 18.5% during the 2nd quarter. Waterloo Capital L.P. now owns 15,745 shares of the financial services provider's stock worth $1,160,000 after buying an additional 2,456 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Charles Schwab during the 2nd quarter valued at approximately $1,756,000. Finally, WCG Wealth Advisors LLC boosted its holdings in shares of Charles Schwab by 6.3% in the 2nd quarter. WCG Wealth Advisors LLC now owns 79,483 shares of the financial services provider's stock valued at $5,857,000 after acquiring an additional 4,734 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of SCHW traded up $1.02 during trading hours on Friday, hitting $76.53. 12,277,167 shares of the stock were exchanged, compared to its average volume of 6,817,749. The stock's 50-day moving average price is $77.68 and its two-hundred day moving average price is $70.65. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $136.20 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Research analysts expect that The Charles Schwab Co. will post 3.13 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is 39.06%.

Insider Transactions at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company's stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock worth $2,171,194 in the last ninety days. Insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on SCHW. The Goldman Sachs Group upped their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Truist Financial upgraded Charles Schwab to a "strong-buy" rating in a research note on Monday, January 6th. Morgan Stanley lifted their price target on Charles Schwab from $74.00 to $84.00 and gave the company an "equal weight" rating in a research report on Friday. Citigroup lowered their price objective on Charles Schwab from $85.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Finally, Barclays raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $74.00 to $95.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus price target of $81.41.

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.