Lincoln Capital LLC Sells 723 Shares of The Charles Schwab Co. (NYSE:SCHW)

Lincoln Capital LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,917 shares of the financial services provider’s stock after selling 723 shares during the quarter. Charles Schwab makes up 1.0% of Lincoln Capital LLC’s holdings, making the stock its 25th largest holding. Lincoln Capital LLC’s holdings in Charles Schwab were worth $4,657,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC increased its holdings in shares of Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares during the last quarter. Michael S. Ryan Inc. lifted its position in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares during the last quarter. GS Investments Inc. grew its stake in shares of Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after buying an additional 146 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Charles Schwab by 2.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock worth $401,000 after buying an additional 148 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several recent analyst reports. Truist Financial raised shares of Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $95.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. 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 note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $81.41.

Insider Transactions at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,823 shares of company stock valued at $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.4 %

NYSE:SCHW opened at $76.53 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The company’s 50-day simple moving average is $77.68 and its 200-day simple moving average is $70.63. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.