Watts Gwilliam & Co. LLC Sells 2,618 Shares of The Charles Schwab Co. (NYSE:SCHW)

Watts Gwilliam & Co. LLC cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,341 shares of the financial services provider’s stock after selling 2,618 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Charles Schwab were worth $1,759,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of Charles Schwab by 16.3% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock worth $4,301,000 after purchasing an additional 8,156 shares during the period. Michael S. Ryan Inc. raised its stake in Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after buying an additional 144 shares in the last quarter. Collective Family Office LLC purchased a new stake in Charles Schwab during the fourth quarter worth $202,000. Spartan Planning & Wealth Management bought a new stake in Charles Schwab during the 4th quarter valued at $227,000. Finally, Diversified Trust Co increased its holdings in shares of Charles Schwab by 13.3% in the 4th quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SCHW. Raymond James dropped their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. 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 report on Monday, December 9th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a research note on Monday. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company upped their price target on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $81.19.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock valued at $8,842,821 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

SCHW opened at $72.93 on Friday. 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 Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The firm has a 50 day moving average of $77.53 and a two-hundred day moving average of $70.65. The firm has a market capitalization of $129.79 billion, a PE ratio of 28.49, a P/E/G ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is 39.06%.

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.