The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Centurion Wealth Management LLC

Centurion Wealth Management LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,659 shares of the financial services provider’s stock after selling 466 shares during the period. Centurion Wealth Management LLC’s holdings in Charles Schwab were worth $493,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SCHW. Envestnet Portfolio Solutions Inc. boosted its stake in Charles Schwab by 40.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 164,133 shares of the financial services provider’s stock valued at $12,148,000 after acquiring an additional 47,380 shares during the last quarter. Natixis Advisors LLC boosted its stake in Charles Schwab by 1.3% during the 4th quarter. Natixis Advisors LLC now owns 1,305,759 shares of the financial services provider’s stock valued at $96,639,000 after acquiring an additional 16,598 shares during the last quarter. Harrington Investments INC boosted its stake in Charles Schwab by 1.2% during the 4th quarter. Harrington Investments INC now owns 57,208 shares of the financial services provider’s stock valued at $4,234,000 after acquiring an additional 681 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Charles Schwab during the 4th quarter valued at $388,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in Charles Schwab during the 4th quarter valued at $207,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCHW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler raised their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two equities 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, the company currently has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Up 5.1 %

Charles Schwab stock opened at $77.28 on Friday. The stock has a market cap of $140.15 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 0.99 and a beta of 0.98. 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 price is $78.47 and its two-hundred day moving average price is $74.32. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50.

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

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab 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 transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock valued at $40,952,233 in the last quarter. Insiders own 6.60% of the company’s stock.

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.