Colonial Trust Advisors reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,262 shares of the financial services provider's stock after selling 7,873 shares during the period. Colonial Trust Advisors' holdings in Charles Schwab were worth $4,830,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab in the 4th quarter worth approximately $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC increased its stake 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 period. Financial Life Planners bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at $46,000. Institutional investors own 84.38% of the company's stock.
Charles Schwab Price Performance
Shares of NYSE SCHW traded up $0.80 during midday trading on Tuesday, hitting $77.72. The company had a trading volume of 3,283,378 shares, compared to its average volume of 9,258,977. The business has a 50-day simple moving average of $77.67 and a two-hundred day simple moving average of $76.32. The firm has a market capitalization of $140.95 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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 released 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 company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $0.68 earnings per share. Charles Schwab's revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.
Charles Schwab Increases Dividend
The business 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 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is 36.12%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. UBS Group increased their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. TD Cowen raised 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 report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, JMP Securities dropped their price target on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average price target of $85.33.
Check Out Our Latest Analysis on SCHW
Insider Activity
In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last three months. Corporate insiders own 6.60% of the company's stock.
Charles Schwab Profile
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Free Report)
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.
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