The Charles Schwab Co. (NYSE:SCHW) Position Cut by Everett Harris & Co. CA

Everett Harris & Co. CA lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 213,520 shares of the financial services provider’s stock after selling 1,562 shares during the period. Everett Harris & Co. CA’s holdings in Charles Schwab were worth $15,446,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SCHW. Price T Rowe Associates Inc. MD increased its stake in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Norges Bank acquired a new position in Charles Schwab during the 4th quarter worth $950,192,000. Ameriprise Financial Inc. grew 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 in the last quarter. Boston Partners increased its holdings in shares of Charles Schwab by 424.7% during the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after purchasing an additional 3,602,830 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after purchasing an additional 2,322,156 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler raised 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. Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. 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, JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $75.56.

Charles Schwab Trading Down 0.0 %

NYSE SCHW traded down $0.02 on Thursday, hitting $74.13. 2,502,054 shares of the stock were exchanged, compared to its average volume of 5,791,087. The company’s 50-day moving average price is $74.36 and its two-hundred day moving average price is $69.91. 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 Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a market capitalization of $131.75 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.15 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Research analysts predict that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 658,663 shares of company stock valued at $48,997,146. Corporate insiders own 6.60% of the company’s stock.

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.