DSM Capital Partners LLC Sells 230,393 Shares of The Charles Schwab Co. (NYSE:SCHW)

DSM Capital Partners LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 9.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,210,980 shares of the financial services provider’s stock after selling 230,393 shares during the quarter. Charles Schwab comprises approximately 2.3% of DSM Capital Partners LLC’s holdings, making the stock its 17th biggest position. DSM Capital Partners LLC’s holdings in Charles Schwab were worth $152,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SCHW. Investment Research & Advisory Group Inc. raised its stake in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after acquiring an additional 607 shares during the period. Brown Advisory Inc. raised its position in shares of Charles Schwab by 24.3% in the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after purchasing an additional 857,734 shares during the period. Bamco Inc. NY raised its position in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after buying an additional 152,967 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Charles Schwab by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after buying an additional 160,719 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now directly owns 574,257 shares in the company, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 622,536 shares of company stock valued at $46,208,155. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

SCHW stock traded down $0.07 during mid-day trading on Friday, hitting $72.27. 6,152,159 shares of the stock were exchanged, compared to its average volume of 7,044,615. The business has a fifty day moving average price of $73.61 and a 200 day moving average price of $67.25. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $128.44 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.06 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.31 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SCHW shares. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. UBS Group raised their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average price target of $75.12.

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.