Southeast Asset Advisors LLC Has $3.63 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Southeast Asset Advisors LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,060 shares of the financial services provider's stock after selling 8,666 shares during the period. Southeast Asset Advisors LLC's holdings in Charles Schwab were worth $3,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab during the 4th quarter valued at approximately $38,000. Atala Financial Inc acquired a new position in Charles Schwab during the 4th quarter worth $41,000. Knuff & Co LLC raised its stake in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab during the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's 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 completion of the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SCHW. Wells Fargo & Company cut their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday. Piper Sandler reduced their price objective on Charles Schwab from $78.00 to $74.00 and set a "neutral" rating on the stock in a research note on Tuesday. UBS Group boosted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, JMP Securities lowered their price objective on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Charles Schwab Price Performance

Shares of SCHW stock traded up $3.12 during midday trading on Friday, reaching $76.97. 14,847,290 shares of the company were exchanged, compared to its average volume of 9,284,845. The company's 50 day moving average price is $77.77 and its two-hundred day moving average price is $76.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $139.59 billion, a P/E ratio of 25.74, a PEG ratio of 0.99 and a beta of 0.91. 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 issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (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 for the quarter, compared to analysts' expectations of $5.19 billion. During the same period last year, the firm earned $0.68 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

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.