Financiere des Professionnels Fonds d investissement inc. Trims Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Financiere des Professionnels Fonds d investissement inc. cut its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 276,553 shares of the financial services provider's stock after selling 15,490 shares during the quarter. Charles Schwab makes up about 1.4% of Financiere des Professionnels Fonds d investissement inc.'s holdings, making the stock its 13th biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in Charles Schwab were worth $20,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the third quarter worth $31,000. Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab in the third quarter worth $33,000. Finally, Planning Capital Management Corp purchased a new stake in Charles Schwab in the third quarter worth $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW traded down $0.13 on Thursday, reaching $81.88. The company had a trading volume of 9,361,765 shares, compared to its average volume of 12,480,031. The business has a 50 day simple moving average of $77.98 and a 200 day simple moving average of $72.76. 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 $145.84 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.99 and a beta of 0.99. 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 released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the insider now directly owns 59,092 shares of the company's stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 502,859 shares of company stock valued at $41,161,496. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SCHW. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. 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. Citigroup lifted their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.33.

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.