The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Skylands Capital LLC

Skylands Capital LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,350 shares of the financial services provider’s stock after selling 2,750 shares during the quarter. Skylands Capital LLC’s holdings in Charles Schwab were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC boosted its position in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after buying an additional 124 shares during the period. N.E.W. Advisory Services LLC boosted its position in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC boosted its position in shares of Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after buying an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Stablepoint Partners LLC boosted its holdings in Charles Schwab by 1.1% in the fourth quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 141 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

SCHW opened at $80.50 on Monday. The firm has a market cap of $143.38 billion, a PE ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $77.98 and a 200-day simple moving average of $73.10. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Transactions at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock valued at $39,938,849 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of a number of analyst reports. Jefferies Financial Group increased their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JMP Securities reissued a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Morgan Stanley increased their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Company 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.