Independent Advisor Alliance Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Independent Advisor Alliance lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,349 shares of the financial services provider's stock after selling 5,861 shares during the period. Independent Advisor Alliance's holdings in Charles Schwab were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Merit Financial Group LLC boosted its position in shares of Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after purchasing an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Charles Schwab by 2,840.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after purchasing an additional 5,937 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Charles Schwab by 46.0% in the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock worth $4,400,000 after purchasing an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Charles Schwab in the 4th quarter valued at $688,000. Finally, Golden State Equity Partners raised its holdings in Charles Schwab by 293.9% during the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after buying an additional 9,108 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

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Charles Schwab Stock Performance

SCHW stock traded down $0.73 during mid-day trading on Thursday, hitting $73.49. The company had a trading volume of 9,663,849 shares, compared to its average volume of 12,208,661. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The stock's fifty day moving average price is $78.41 and its two-hundred day moving average price is $74.16. The firm has a market cap of $133.28 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Charles Schwab's revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. Charles Schwab's dividend payout ratio is presently 36.12%.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SCHW shares. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Piper Sandler lifted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. UBS Group upped their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $86.33.

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.