The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 54.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,015 shares of the financial services provider’s stock after selling 11,849 shares during the period. Oak Thistle LLC’s holdings in Charles Schwab were worth $741,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of recent analyst reports. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Piper Sandler raised their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Finally, Jefferies Financial Group lifted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.63.

Charles Schwab Trading Up 1.9 %

SCHW opened at $73.75 on Thursday. The business has a fifty day moving average price of $77.62 and a 200 day moving average price of $70.58. 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 12 month low of $59.67 and a 12 month high of $83.35. The stock has a market capitalization of $131.25 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.36%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.