Financial Counselors Inc. decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,038 shares of the financial services provider's stock after selling 3,938 shares during the quarter. Financial Counselors Inc.'s holdings in Charles Schwab were worth $20,134,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC grew 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 valued at $462,000 after buying an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in shares of 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 valued at $557,000 after acquiring an additional 125 shares in the last quarter. Klingman & Associates LLC grew its position in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC lifted 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 valued at $832,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 84.38% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on SCHW. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Truist Financial lifted their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, 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 research note on Tuesday, February 18th. Two investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $86.33.
View Our Latest Stock Analysis on SCHW
Charles Schwab Stock Performance
SCHW stock traded down $1.81 during trading on Friday, reaching $77.79. 6,456,732 shares of the stock were exchanged, compared to its average volume of 8,853,143. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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 company has a market capitalization of $141.08 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The stock has a 50 day simple moving average of $79.55 and a 200-day simple moving average of $75.36.
Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the firm earned $0.68 EPS. Charles Schwab's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.
Insider Activity at Charles Schwab
In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 8,614 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now directly owns 49,204 shares in the company, valued at approximately $3,936,320. This represents a 14.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 509,701 shares of company stock valued at $41,641,353 in the last three months. Corporate insiders own 6.60% of the company's stock.
About Charles Schwab
(
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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