GAM Holding AG Reduces Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

GAM Holding AG lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,808 shares of the financial services provider's stock after selling 16,948 shares during the period. Charles Schwab comprises approximately 1.1% of GAM Holding AG's holdings, making the stock its 22nd largest holding. GAM Holding AG's holdings in Charles Schwab were worth $14,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in Charles Schwab by 40.9% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the financial services provider's stock valued at $63,000 after buying an additional 248 shares during the period. Citizens & Northern Corp increased its holdings in shares of Charles Schwab by 4.8% in the 4th quarter. Citizens & Northern Corp now owns 21,468 shares of the financial services provider's stock valued at $1,589,000 after acquiring an additional 982 shares during the period. Truist Financial Corp raised its position in shares of Charles Schwab by 3.2% in the 4th quarter. Truist Financial Corp now owns 1,901,708 shares of the financial services provider's stock worth $140,745,000 after acquiring an additional 59,361 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Charles Schwab by 3.9% in the 4th quarter. CIBC Asset Management Inc now owns 255,449 shares of the financial services provider's stock worth $18,906,000 after acquiring an additional 9,578 shares in the last quarter. Finally, 5T Wealth LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth $491,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW traded down $1.33 during mid-day trading on Friday, hitting $80.50. The company's stock had a trading volume of 9,855,515 shares, compared to its average volume of 12,402,950. The business's fifty day moving average is $77.98 and its two-hundred day moving average is $72.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $143.38 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is 36.12%.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated 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 sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 490,120 shares of company stock valued at $40,127,472 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCHW. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Redburn Partners decreased their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.