Trek Financial LLC Sells 181 Shares of The Charles Schwab Co. (NYSE:SCHW)

Trek Financial LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,881 shares of the financial services provider’s stock after selling 181 shares during the quarter. Trek Financial LLC’s holdings in Charles Schwab were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc purchased a new stake in Charles Schwab during the fourth quarter valued at $41,000. Knuff & Co LLC lifted its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at about $46,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. Morgan Stanley upped their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Jefferies Financial Group increased their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.28.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 513,081 shares of company stock worth $41,903,066. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW opened at $69.97 on Tuesday. The firm has a market capitalization of $126.90 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 0.99 and a beta of 0.91. 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 company’s 50-day moving average is $78.84 and its two-hundred day moving average is $75.93. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio is currently 36.12%.

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.