New York State Common Retirement Fund Sells 268,626 Shares of The Charles Schwab Co. (NYSE:SCHW)

New York State Common Retirement Fund lowered its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,104,597 shares of the financial services provider's stock after selling 268,626 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Charles Schwab worth $155,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab during the 3rd quarter valued at about $31,000. Hazlett Burt & Watson Inc. bought a new stake in Charles Schwab during the 3rd quarter valued at approximately $33,000. Finally, Planning Capital Management Corp bought a new stake in Charles Schwab during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on SCHW shares. 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. Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab currently has an average rating of "Hold" and a consensus target price of $86.33.

Charles Schwab Stock Down 1.6 %

SCHW stock traded down $1.33 during midday trading on Friday, hitting $80.50. The company's stock had a trading volume of 9,855,515 shares, compared to its average volume of 12,402,950. The company has a market cap 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 current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm's 50-day moving average is $77.97 and its 200-day moving average is $72.83. 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 earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company's stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,120 shares of company stock worth $40,127,472. Insiders own 6.60% of the company's stock.

Charles Schwab Company 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.