Fiduciary Group LLC Trims Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Fiduciary Group LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 43,965 shares of the financial services provider's stock after selling 4,026 shares during the quarter. Fiduciary Group LLC's holdings in Charles Schwab were worth $3,254,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in Charles Schwab in the third quarter valued at approximately $31,000. Atala Financial Inc bought a new stake in shares of Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC increased its position 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 worth $45,000 after buying an additional 563 shares during the period. Financial Life Planners bought a new position in Charles Schwab during the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 2.1 %

Charles Schwab stock traded up $1.68 during trading on Monday, hitting $80.07. 7,542,389 shares of the company were exchanged, compared to its average volume of 8,445,041. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business's 50 day moving average is $78.99 and its 200 day moving average is $74.87. 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 $145.21 billion, a P/E ratio of 26.78, a PEG ratio of 0.99 and a beta of 0.98.

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Charles Schwab (NYSE:SCHW - Get Free Report) last posted its 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 firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business's revenue was up 19.5% compared to the same quarter last year. Analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab's dividend payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the subject of several research analyst reports. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. UBS Group boosted their price target on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Jefferies Financial Group raised their price objective on shares of 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 target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus price target of $86.33.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company's stock, valued at approximately $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 three months, insiders sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is owned by insiders.

About Charles Schwab

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.