Pine Valley Investments Ltd Liability Co Has $1.78 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Pine Valley Investments Ltd Liability Co reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,072 shares of the financial services provider's stock after selling 4,290 shares during the period. Pine Valley Investments Ltd Liability Co's holdings in Charles Schwab were worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SCHW. Washington Trust Advisors Inc. boosted its position in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the third quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. acquired a new position in Charles Schwab during the third quarter valued at approximately $33,000. Finally, Planning Capital Management Corp acquired a new position in Charles Schwab during the third quarter valued at approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Piper Sandler increased their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. UBS Group increased their price target on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Citigroup increased their price target on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of "Hold" and a consensus price target of $86.33.

Insiders Place Their Bets

In other Charles Schwab news, 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 transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 487,820 shares of company stock worth $39,938,849 in the last 90 days. Company insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $1.28 during trading hours on Friday, reaching $79.71. 12,686,578 shares of the stock were exchanged, compared to its average volume of 12,127,137. The firm has a market capitalization of $141.99 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 0.99 and a beta of 0.99. 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 52 week low of $61.01 and a 52 week high of $84.50. The stock's fifty day simple moving average is $78.37 and its 200 day simple moving average is $73.54.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. 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.