Skylands Capital LLC Has $2.25 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Skylands Capital LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,350 shares of the financial services provider’s stock after selling 2,750 shares during the quarter. Skylands Capital LLC’s holdings in Charles Schwab were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its holdings in shares of Charles Schwab by 7,559.9% in the 3rd quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after acquiring an additional 878,163 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in Charles Schwab by 22.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 7,122 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 1,299 shares during the last quarter. Arkadios Wealth Advisors raised its position in Charles Schwab by 20.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 10,765 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 1,836 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Charles Schwab by 1.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 937,303 shares of the financial services provider’s stock worth $60,747,000 after purchasing an additional 9,799 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in Charles Schwab by 3.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 64,077 shares of the financial services provider’s stock worth $4,153,000 after purchasing an additional 2,402 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction 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. In the last 90 days, insiders have sold 487,820 shares of company stock worth $39,938,849. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 1.6 %

Charles Schwab stock opened at $80.50 on Monday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company’s 50-day moving average price is $77.98 and its two-hundred day moving average price is $73.10. The stock has a market cap of $143.38 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SCHW shares. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Barclays upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Redburn Partners dropped their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Two 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 company’s stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $86.33.

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.