Yousif Capital Management LLC Trims Position in The Charles Schwab Co. (NYSE:SCHW)

Yousif Capital Management LLC trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,302 shares of the financial services provider’s stock after selling 8,592 shares during the quarter. Yousif Capital Management LLC’s holdings in Charles Schwab were worth $13,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Courier Capital LLC increased its position in Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Red Spruce Capital LLC increased its stake in shares of Charles Schwab by 0.4% during the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares in the last quarter. Uncommon Cents Investing LLC raised its position in shares of Charles Schwab by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 175 shares during the last quarter. Finally, Diligent Investors LLC lifted its stake in Charles Schwab by 3.0% in the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.2 %

Shares of Charles Schwab stock traded down $0.18 during trading hours on Wednesday, reaching $75.05. The stock had a trading volume of 3,993,334 shares, compared to its average volume of 7,747,176. The firm has a market capitalization of $133.29 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.09 and a beta of 1.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $69.02 and a two-hundred day simple moving average of $63.52.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley upped their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.47.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 7,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54. Following the transaction, the director now owns 1,719,399 shares in the company, valued at approximately $126,324,244.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 7,482 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.47, for a total transaction of $549,702.54. Following the sale, the director now directly owns 1,719,399 shares of the company’s stock, valued at $126,324,244.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 299,892 shares of company stock valued at $20,325,334. 6.60% of the stock is currently owned by corporate insiders.

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.