Sendero Wealth Management LLC Has $8.05 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Sendero Wealth Management LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,810 shares of the financial services provider's stock after selling 18,202 shares during the period. Charles Schwab comprises 1.2% of Sendero Wealth Management LLC's holdings, making the stock its 21st largest position. Sendero Wealth Management LLC's holdings in Charles Schwab were worth $8,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its position in shares of Charles Schwab by 62.6% in the third 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 in the last quarter. Capital Performance Advisors LLP bought a new stake in Charles Schwab during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Charles Schwab during the third quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an "underperform" rating for the company in a research note on Wednesday, October 16th. Raymond James lowered their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Cowen raised their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.63.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $1.74 on Thursday, hitting $75.40. The company's stock had a trading volume of 8,043,799 shares, compared to its average volume of 8,073,730. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The stock's 50 day moving average is $77.58 and its 200-day moving average is $70.60. The company has a market capitalization of $134.19 billion, a PE ratio of 29.45, a PEG ratio of 1.19 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.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. Equities research analysts expect that The Charles Schwab Co. will post 3.13 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's payout ratio is currently 39.06%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company's stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last quarter. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Company 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.