Vanguard Capital Wealth Advisors Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Vanguard Capital Wealth Advisors decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 36.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,950 shares of the financial services provider’s stock after selling 2,850 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Charles Schwab were worth $387,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCHW. Norges Bank bought a new position in Charles Schwab in the fourth quarter worth approximately $1,289,544,000. Kovitz Investment Group Partners LLC raised its stake in Charles Schwab by 354.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider’s stock worth $814,545,000 after buying an additional 8,584,173 shares in the last quarter. FMR LLC raised its stake in Charles Schwab by 69.4% in the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider’s stock worth $717,898,000 after buying an additional 3,974,940 shares in the last quarter. Marshall Wace LLP raised its stake in Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider’s stock worth $309,451,000 after buying an additional 3,684,640 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider’s stock worth $314,716,000 after buying an additional 3,216,000 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $88.25 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 stock’s fifty day moving average price is $81.74 and its 200 day moving average price is $79.64. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85. The company has a market cap of $160.35 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio is currently 32.73%.

Insiders Place Their Bets

In related news, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the transaction, the director now owns 105,654 shares in the company, valued at $9,303,891.24. The trade was a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated 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 transaction, the director now owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,608 shares of company stock valued at $8,392,040. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of recent research reports. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 22nd. Morgan Stanley upped their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Piper Sandler upped their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Truist Financial upped their price target on Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

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.