Hosking Partners LLP Sells 13,988 Shares of The Charles Schwab Co. (NYSE:SCHW)

Hosking Partners LLP decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 412,674 shares of the financial services provider’s stock after selling 13,988 shares during the period. Charles Schwab accounts for 1.2% of Hosking Partners LLP’s holdings, making the stock its 28th biggest position. Hosking Partners LLP’s holdings in Charles Schwab were worth $30,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fielder Capital Group LLC increased its holdings in shares of Charles Schwab by 7.5% during the fourth quarter. Fielder Capital Group LLC now owns 3,377 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 237 shares in the last quarter. Linscomb Wealth Inc. increased its stake in Charles Schwab by 3.6% during the 4th quarter. Linscomb Wealth Inc. now owns 39,479 shares of the financial services provider’s stock valued at $2,922,000 after purchasing an additional 1,383 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Charles Schwab by 7.9% in the fourth quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider’s stock worth $1,976,000 after buying an additional 1,954 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth $32,643,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Charles Schwab by 4.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 134,253 shares of the financial services provider’s stock valued at $9,936,000 after buying an additional 6,256 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was 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 in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 487,820 shares of company stock valued at $39,938,849. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SCHW. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Citigroup upped their target price on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective 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. Piper Sandler increased their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Down 0.2 %

SCHW opened at $78.53 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market cap of $139.87 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a 50-day moving average price of $78.27 and a 200 day moving average price of $73.41.

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

Charles Schwab Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. Charles Schwab’s payout ratio is presently 36.12%.

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.