The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Geller Advisors LLC

Geller Advisors LLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,842 shares of the financial services provider’s stock after selling 269 shares during the period. Geller Advisors LLC’s holdings in Charles Schwab were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,041 shares of company stock worth $41,072,558 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $84.53 on Friday. 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 firm’s fifty day simple moving average is $77.48 and its 200-day simple moving average is $77.84. The firm has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $85.19.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the company posted $0.74 earnings per share. Equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. Charles Schwab’s payout ratio is 32.73%.

Analyst Upgrades and Downgrades

Several analysts have commented on SCHW shares. Wells Fargo & Company dropped their price objective on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Piper Sandler raised their price target on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial reduced their target price on Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.22.

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.