Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,342 Shares of The Charles Schwab Co. (NYSE:SCHW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 317,864 shares of the financial services provider's stock after selling 7,342 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Charles Schwab were worth $23,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gladstone Institutional Advisory LLC lifted its position in Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares during the period. N.E.W. Advisory Services LLC raised its stake in Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after buying an additional 125 shares during the last quarter. Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after buying an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in shares of Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares during the period. Institutional investors own 84.38% of the company's stock.

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Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction dated 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 sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock valued at $40,952,233 in the last quarter. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. 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 report on Tuesday, February 11th. UBS Group increased their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $86.33.

Charles Schwab Price Performance

Shares of SCHW stock traded up $0.85 during mid-day trading on Tuesday, hitting $80.81. The company had a trading volume of 7,661,020 shares, compared to its average volume of 8,442,138. 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 stock's 50 day moving average price is $79.14 and its 200-day moving average price is $74.98. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a market capitalization of $146.55 billion, a P/E ratio of 27.03, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 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 analysts' expectations of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business's quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

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.