Stockman Wealth Management Inc. Sells 211 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stockman Wealth Management Inc. trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,935 shares of the financial services provider’s stock after selling 211 shares during the period. Stockman Wealth Management Inc.’s holdings in Charles Schwab were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brookstone Capital Management lifted its holdings in shares of Charles Schwab by 5.2% during the 3rd quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 422 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Charles Schwab in the third quarter valued at about $201,000. Iowa State Bank increased its position in shares of Charles Schwab by 37.9% in the third quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after acquiring an additional 7,829 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Charles Schwab by 351.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,911 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 9,275 shares during the period. Finally, Wynn Capital LLC increased its position in shares of Charles Schwab by 5.6% in the third quarter. Wynn Capital LLC now owns 27,353 shares of the financial services provider’s stock valued at $1,773,000 after acquiring an additional 1,440 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Truist Financial reiterated a “buy” rating and set a $90.00 price target (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

Charles Schwab Stock Down 0.5 %

Shares of SCHW stock opened at $83.18 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.04. The stock has a market cap of $148.04 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.02 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $78.00 and a two-hundred day simple moving average of $71.78.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. Charles Schwab’s dividend payout ratio is 33.44%.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 50,014 shares of company stock valued at $4,052,281 over the last three months. 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.