The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Trek Financial LLC

Trek Financial LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.5% in the 4th quarter, HoldingsChannel reports. The fund owned 3,881 shares of the financial services provider’s stock after selling 181 shares during the quarter. Trek Financial LLC’s holdings in Charles Schwab were worth $287,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after buying an additional 38,201 shares during the period. United Bank lifted its position in Charles Schwab by 13.0% during the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider’s stock worth $736,000 after acquiring an additional 1,309 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,937 shares during the period. Orion Portfolio Solutions LLC increased its stake in Charles Schwab by 0.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 122,065 shares of the financial services provider’s stock valued at $7,911,000 after buying an additional 665 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Charles Schwab by 11.9% in the third quarter. MML Investors Services LLC now owns 585,308 shares of the financial services provider’s stock valued at $37,934,000 after acquiring an additional 62,035 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.3 %

SCHW opened at $69.97 on Tuesday. The stock has a market capitalization of $126.90 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average of $78.84 and a two-hundred day moving average of $75.93.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during 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%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. On average, research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.54%. Charles Schwab’s dividend payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of analyst reports. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Piper Sandler upped their target price 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 research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.28.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % 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 link. Also, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock worth $41,903,066 in the last three months. 6.60% of the stock is currently owned by company insiders.

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.