Kentucky Retirement Systems Insurance Trust Fund Has $3.04 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,089 shares of the financial services provider's stock after selling 3,141 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Charles Schwab were worth $3,041,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Gladstone Institutional Advisory LLC lifted its stake 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 purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC lifted its stake in 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 purchasing an additional 125 shares during the last quarter. Stablepoint Partners LLC lifted its stake in Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock valued at $924,000 after purchasing an additional 141 shares during the last quarter. Index Fund Advisors Inc. lifted its stake in Charles Schwab by 1.6% in the 4th quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 143 shares during the last quarter. Finally, Michael S. Ryan Inc. lifted its stake in Charles Schwab by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider's stock valued at $444,000 after purchasing an additional 144 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 490,120 shares of company stock valued at $40,127,472 over the last three months. 6.60% of the stock is owned by insiders.

Charles Schwab Price Performance

NYSE:SCHW traded down $1.33 during mid-day trading on Friday, reaching $80.50. The stock had a trading volume of 9,855,515 shares, compared to its average volume of 12,402,950. The stock has a 50-day simple moving average of $77.98 and a two-hundred day simple moving average of $72.95. The stock has a market capitalization of $143.38 billion, a PE ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective 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. Morgan Stanley raised their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Truist Financial raised their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Piper Sandler raised their price objective 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. Finally, Citigroup raised their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $86.33.

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.