The Charles Schwab Co. (NYSE:SCHW) Holdings Lessened by Financial Avengers Inc.

Financial Avengers Inc. reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,173 shares of the financial services provider’s stock after selling 8,761 shares during the period. Charles Schwab comprises 5.6% of Financial Avengers Inc.’s investment portfolio, making the stock its 7th largest holding. Financial Avengers Inc.’s holdings in Charles Schwab were worth $11,780,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SCHW shares. Truist Financial increased their target price on Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. TD Securities increased their target price on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, April 22nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Insider Buying and Selling at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $89.13 on Wednesday. The stock has a market capitalization of $161.95 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The stock has a 50 day moving average price of $79.37 and a 200 day moving average price of $78.67. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the company posted $0.74 EPS. Analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, May 9th. Charles Schwab’s dividend payout ratio is presently 32.73%.

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.