The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,878 shares of the financial services provider’s stock after selling 12,683 shares during the period. Coastline Trust Co’s holdings in Charles Schwab were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Principal Financial Group Inc. boosted its position in shares of Charles Schwab by 0.6% in 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 acquiring an additional 38,201 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of Charles Schwab by 11.2% during the third quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock valued at $2,348,000 after acquiring an additional 3,637 shares in the last quarter. Sculati Wealth Management LLC raised its holdings in Charles Schwab by 0.7% in the third quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock valued at $2,786,000 after acquiring an additional 315 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $9,211,000. Finally, Sfmg LLC grew its position in shares of Charles Schwab by 2.5% during the 3rd quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,794,000 after buying an additional 1,444 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 1.1 %

Shares of Charles Schwab stock opened at $76.52 on Friday. 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 Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The stock’s 50-day moving average is $77.16 and its 200 day moving average is $76.49. The firm has a market cap of $138.77 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Charles Schwab’s payout ratio is presently 36.12%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on 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 of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company’s stock, 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. In the last ninety days, insiders sold 513,081 shares of company stock worth $41,903,066. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday. JMP Securities lowered their target price on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. 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, April 7th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.44.

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.