Insigneo Advisory Services LLC Has $724,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Insigneo Advisory Services LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,778 shares of the financial services provider’s stock after selling 917 shares during the period. Insigneo Advisory Services LLC’s holdings in Charles Schwab were worth $724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC increased its stake in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. 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 over the last ninety days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SCHW shares. JMP Securities cut their target price on shares of Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Finally, TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.33.

Charles Schwab Stock Performance

Shares of SCHW opened at $75.59 on Thursday. 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 firm has a 50-day moving average of $77.39 and a 200-day moving average of $76.32. The company has a market cap of $137.09 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share 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 the consensus estimate of $5.19 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

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.