Fiduciary Trust Co Sells 1,163 Shares of The Charles Schwab Co. (NYSE:SCHW)

Fiduciary Trust Co lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 17.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,482 shares of the financial services provider’s stock after selling 1,163 shares during the period. Fiduciary Trust Co’s holdings in Charles Schwab were worth $406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Manhattan CO. LLC. grew its holdings in shares of Charles Schwab by 1.5% during the 4th quarter. First Manhattan CO. LLC. now owns 461,797 shares of the financial services provider’s stock valued at $34,178,000 after purchasing an additional 6,621 shares during the last quarter. FWL Investment Management LLC grew its holdings in shares of Charles Schwab by 28.4% during the 4th quarter. FWL Investment Management LLC now owns 6,310 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 1,396 shares during the last quarter. Citizens Business Bank boosted its position in Charles Schwab by 105.1% during the 4th quarter. Citizens Business Bank now owns 133,214 shares of the financial services provider’s stock valued at $9,859,000 after buying an additional 68,266 shares during the period. EP Wealth Advisors LLC boosted its position in Charles Schwab by 44.6% during the 4th quarter. EP Wealth Advisors LLC now owns 38,564 shares of the financial services provider’s stock valued at $2,854,000 after buying an additional 11,888 shares during the period. Finally, Colonial Trust Co SC boosted its position in Charles Schwab by 30.1% during the 4th quarter. Colonial Trust Co SC now owns 50,439 shares of the financial services provider’s stock valued at $3,733,000 after buying an additional 11,677 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.2%

Shares of SCHW stock opened at $84.53 on Monday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $86.50. The stock has a market cap of $153.30 billion, a P/E ratio of 28.27, a P/E/G ratio of 0.99 and a beta of 0.90. 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 $77.48 and a two-hundred day simple moving average of $77.92.

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

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Truist Financial dropped their target price on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Redburn Partners dropped their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and an average target price of $87.22.

Insider Transactions at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This trade represents a 5.52% 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 valued at $41,072,558 over the last three months. Corporate insiders own 6.30% of the company’s stock.

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.