Chapman Investment Management LLC Decreases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,170 shares of the financial services provider's stock after selling 13,154 shares during the quarter. Charles Schwab accounts for approximately 0.5% of Chapman Investment Management LLC's holdings, making the stock its 25th biggest position. Chapman Investment Management LLC's holdings in Charles Schwab were worth $679,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Gladstone Institutional Advisory LLC raised its position in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares during the last quarter. Klingman & Associates LLC raised its position in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after buying an additional 125 shares during the last quarter. Stablepoint Partners LLC raised its position in Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock worth $924,000 after buying an additional 141 shares during the last quarter. Finally, Index Fund Advisors Inc. raised its position in Charles Schwab by 1.6% in the 4th quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider's stock worth $655,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SCHW shares. Jefferies Financial Group boosted their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and boosted their price target for the company from $88.00 to $103.00 in a research note on Tuesday. Finally, Citigroup boosted their price target on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $86.33.

Insiders Place Their Bets

In other news, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 490,120 shares of company stock worth $40,127,472 in the last three months. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.33 during mid-day trading on Friday, reaching $80.50. 9,855,515 shares of the company traded hands, compared to its average volume of 12,402,950. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $143.38 billion, a PE ratio of 26.92, a PEG ratio of 0.99 and a beta of 0.99. The company's 50 day moving average price is $77.98 and its 200-day moving average price is $72.95.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm's revenue for the quarter 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab's dividend payout ratio is presently 36.12%.

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.