SVB Wealth LLC Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

SVB Wealth LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,959 shares of the financial services provider’s stock after selling 16,014 shares during the period. SVB Wealth LLC’s holdings in Charles Schwab were worth $8,460,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Charles Schwab in the fourth quarter worth about $1,325,555,000. Morgan Stanley boosted its holdings in Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after acquiring an additional 8,563,389 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after purchasing an additional 5,359,307 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock valued at $14,200,769 over the last ninety days. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several research analyst reports. Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $73.05 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day moving average price is $67.97 and its 200-day moving average price is $62.75. The firm has a market capitalization of $129.74 billion, a PE ratio of 30.56, a P/E/G ratio of 1.08 and a beta of 1.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $73.65.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Charles Schwab 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.