The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Next Capital Management LLC

Next Capital Management LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,342 shares of the financial services provider's stock after selling 10,054 shares during the quarter. Next Capital Management LLC's holdings in Charles Schwab were worth $1,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the third quarter valued at $31,000. Atala Financial Inc acquired a new position in shares of Charles Schwab during the 4th quarter worth $41,000. Knuff & Co LLC raised its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after buying an additional 563 shares during the last quarter. Financial Life Planners acquired a new position in shares of Charles Schwab during the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCHW shares. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. UBS Group lifted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Morgan Stanley lifted their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, Truist Financial lifted their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $86.33.

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Charles Schwab Trading Down 0.1 %

SCHW traded down $0.11 during midday trading on Friday, hitting $78.47. The company's stock had a trading volume of 11,842,111 shares, compared to its average volume of 8,448,671. 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 has a market cap of $142.30 billion, a P/E ratio of 26.24, a PEG ratio of 0.99 and a beta of 0.98. The firm has a 50-day moving average price of $78.99 and a two-hundred day moving average price of $74.87. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The firm's revenue was up 19.5% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is presently 36.12%.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is currently owned by company insiders.

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.