Quent Capital LLC Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Quent Capital LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,862 shares of the financial services provider’s stock after selling 140 shares during the period. Quent Capital LLC’s holdings in Charles Schwab were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Exchange Traded Concepts LLC boosted its stake in shares of Charles Schwab by 78.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,773 shares of the financial services provider’s stock worth $1,281,000 after purchasing an additional 8,721 shares during the period. Procyon Advisors LLC lifted its holdings in Charles Schwab by 5.4% during the 3rd quarter. Procyon Advisors LLC now owns 3,437 shares of the financial services provider’s stock valued at $222,000 after buying an additional 176 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Charles Schwab during the 3rd quarter valued at about $41,000. Creative Planning raised its holdings in shares of Charles Schwab by 18.3% in the 3rd quarter. Creative Planning now owns 511,376 shares of the financial services provider’s stock valued at $31,891,000 after purchasing an additional 79,166 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Charles Schwab by 3.7% in the 3rd quarter. Swedbank AB now owns 605,261 shares of the financial services provider’s stock valued at $39,227,000 after purchasing an additional 21,699 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 1.0 %

NYSE:SCHW opened at $82.37 on Thursday. The company has a market cap of $146.59 billion, a PE ratio of 27.55, a P/E/G ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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’s 50 day moving average is $78.04 and its two-hundred day moving average is $72.11.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. Analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is 33.44%.

Insider Activity

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock valued at $3,859,731 in the last ninety days. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SCHW. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Piper Sandler boosted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Citigroup boosted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Barclays boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $84.56.

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.