Haverford Trust Co Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Haverford Trust Co lessened its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 38.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,599 shares of the financial services provider's stock after selling 3,495 shares during the period. Haverford Trust Co's holdings in Charles Schwab were worth $414,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. TAGStone Capital Inc. lifted its stake in Charles Schwab by 2.2% during the 4th quarter. TAGStone Capital Inc. now owns 6,801 shares of the financial services provider's stock valued at $503,000 after acquiring an additional 146 shares in the last quarter. Congress Wealth Management LLC DE bought a new stake in shares of Charles Schwab in the 4th quarter worth $221,000. Vanguard Group Inc. raised its holdings in shares of Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Charles Schwab during the fourth quarter valued at about $877,000. Finally, LPL Financial LLC boosted its holdings in Charles Schwab by 4.6% during the fourth quarter. LPL Financial LLC now owns 1,258,510 shares of the financial services provider's stock worth $93,142,000 after purchasing an additional 55,118 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $3,936,320. The trade was a 14.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 509,701 shares of company stock worth $41,641,353 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on SCHW shares. Piper Sandler lifted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $1.81 during trading hours on Friday, reaching $77.79. The company had a trading volume of 6,456,732 shares, compared to its average volume of 8,853,143. The firm has a market cap of $141.08 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a one year low of $61.01 and a one year 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 business has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $75.45.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its 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 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 quarter last year, the company earned $0.68 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date 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 is 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.