The Charles Schwab Co. (NYSE:SCHW) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 31.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,473 shares of the financial services provider’s stock after selling 2,484 shares during the period. CoreCap Advisors LLC’s holdings in Charles Schwab were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the fourth quarter worth about $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC lifted 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 worth $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter valued at approximately $46,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SCHW shares. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, April 25th. UBS Group lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Truist Financial cut their price target on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 21st. Wells Fargo & Company dropped their target price on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Redburn Partners reduced their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average target price of $87.22.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,041 shares of company stock worth $41,072,558. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 0.2 %

Shares of Charles Schwab stock opened at $84.53 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $85.19. The stock has a 50-day moving average price of $77.48 and a 200 day moving average price of $77.89. The company has a market cap of $153.30 billion, a P/E ratio of 28.27, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The business 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 last year, the company posted $0.74 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

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.