Sfmg LLC Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

Sfmg LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,979 shares of the financial services provider's stock after selling 51,563 shares during the quarter. Sfmg LLC's holdings in Charles Schwab were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Gladstone Institutional Advisory LLC raised its stake in shares of Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after acquiring an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after purchasing an additional 125 shares during the last quarter. Klingman & Associates LLC grew its position in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after buying an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its position in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

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Insider Activity

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 501,087 shares of company stock worth $40,952,233 over the last quarter. Insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SCHW. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Truist Financial lifted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Piper Sandler upped their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Hold" and an average price target of $86.33.

Charles Schwab Stock Up 1.2 %

Shares of SCHW traded up $0.97 on Tuesday, reaching $80.93. The company's stock had a trading volume of 2,209,718 shares, compared to its average volume of 11,596,108. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The stock has a market capitalization of $146.76 billion, a PE ratio of 27.07, a PEG ratio of 0.99 and a beta of 0.98. 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 fifty day moving average of $79.14 and a 200-day moving average of $74.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Co. will post 4.22 EPS 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 paid a $0.27 dividend. This is a positive change 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 1.33%. Charles Schwab's dividend payout ratio is presently 36.12%.

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.