Wealth Alliance Cuts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wealth Alliance trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 56.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,016 shares of the financial services provider’s stock after selling 10,493 shares during the period. Wealth Alliance’s holdings in Charles Schwab were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Gladstone Institutional Advisory LLC grew its holdings in Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC grew its holdings in Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after buying an additional 125 shares during the last quarter. Klingman & Associates LLC grew its holdings in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after buying an additional 125 shares during the last quarter. Stablepoint Partners LLC grew its holdings in Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after buying an additional 141 shares during the last quarter. Finally, Index Fund Advisors Inc. grew its holdings in Charles Schwab by 1.6% during the 4th quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider’s stock valued at $655,000 after buying an additional 143 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was 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 490,120 shares of company stock valued at $40,127,472 over the last three months. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on SCHW. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $103.00 in a report on Tuesday. Jefferies Financial Group raised their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.33.

Get Our Latest Research Report on Charles Schwab

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $81.88 on Friday. The business’s fifty day moving average price is $77.97 and its 200 day moving average price is $72.83. 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 twelve month low of $61.01 and a twelve month high of $84.50. The stock has a market capitalization of $145.84 billion, a P/E ratio of 27.38, a PEG ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHWGet Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate 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 will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Charles Schwab Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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