Stifel Financial Corp Sells 4,623 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stifel Financial Corp lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 841,874 shares of the financial services provider's stock after selling 4,623 shares during the quarter. Stifel Financial Corp's holdings in Charles Schwab were worth $62,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. OneDigital Investment Advisors LLC raised its holdings in Charles Schwab by 16.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 47,591 shares of the financial services provider's stock valued at $3,522,000 after buying an additional 6,636 shares during the period. State of Tennessee Department of Treasury increased its position in Charles Schwab by 7.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 560,942 shares of the financial services provider's stock valued at $41,515,000 after acquiring an additional 40,997 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Charles Schwab by 190.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 106,243 shares of the financial services provider's stock valued at $7,863,000 after acquiring an additional 69,720 shares during the period. Trajan Wealth LLC lifted its holdings in shares of Charles Schwab by 11.2% in the 4th quarter. Trajan Wealth LLC now owns 64,745 shares of the financial services provider's stock worth $4,792,000 after acquiring an additional 6,497 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Charles Schwab by 2.1% during the 4th quarter. MML Investors Services LLC now owns 597,659 shares of the financial services provider's stock worth $44,233,000 after purchasing an additional 12,351 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the business'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 sale, the director now owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 502,030 shares of company stock worth $40,988,118. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and lifted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average target price of $85.78.

Charles Schwab Stock Up 2.2 %

NYSE:SCHW opened at $76.60 on Wednesday. The company's 50-day simple moving average is $76.91 and its 200-day simple moving average is $76.74. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a market capitalization of $138.92 billion, a P/E ratio of 25.62, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Charles Schwab's dividend payout ratio (DPR) is 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.

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