The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Talbot Financial LLC

Talbot Financial LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,081 shares of the financial services provider’s stock after selling 1,559 shares during the quarter. Charles Schwab accounts for about 1.4% of Talbot Financial LLC’s investment portfolio, making the stock its 27th largest holding. Talbot Financial LLC’s holdings in Charles Schwab were worth $11,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Washington Trust Advisors Inc. increased its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the third quarter valued at $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab during the third quarter valued at $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SCHW shares. Truist Financial raised Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Citigroup lowered their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Wells Fargo & Company lifted their target price on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Bank of America lowered their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,968 shares of company stock worth $8,842,821. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.44 during trading on Monday, reaching $72.33. The company had a trading volume of 2,381,058 shares, compared to its average volume of 7,584,710. The firm’s 50 day simple moving average is $77.57 and its two-hundred day simple moving average is $70.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The company has a market capitalization of $128.72 billion, a PE ratio of 28.25, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. Sell-side analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

About Charles Schwab

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.