Arbor Trust Wealth Advisors LLC Cuts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Arbor Trust Wealth Advisors LLC lowered its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,914 shares of the financial services provider's stock after selling 3,850 shares during the period. Arbor Trust Wealth Advisors LLC's holdings in Charles Schwab were worth $734,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Charles Schwab by 0.7% in the third quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock valued at $4,023,175,000 after purchasing an additional 414,949 shares during the period. Geode Capital Management LLC raised its stake in shares of Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock valued at $1,945,614,000 after purchasing an additional 445,304 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares in the last quarter. Franklin Resources Inc. boosted its stake in Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in Charles Schwab by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider's stock valued at $1,308,485,000 after buying an additional 493,264 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.41.

Charles Schwab Trading Up 1.4 %

NYSE SCHW traded up $1.02 during trading on Monday, hitting $76.53. The company had a trading volume of 12,277,167 shares, compared to its average volume of 6,817,749. The company's fifty day moving average is $77.68 and its 200-day moving average is $70.61. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. 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 company has a market cap of $136.20 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab's payout ratio is 39.06%.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company's stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company's stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company's stock.

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.