GPM Growth Investors Inc. Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

GPM Growth Investors Inc. decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,419 shares of the financial services provider’s stock after selling 311 shares during the period. Charles Schwab comprises approximately 1.5% of GPM Growth Investors Inc.’s holdings, making the stock its 29th largest holding. GPM Growth Investors Inc.’s holdings in Charles Schwab were worth $3,194,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Courier Capital LLC raised its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after acquiring an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Red Spruce Capital LLC raised its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after buying an additional 172 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after buying an additional 175 shares during the period. Finally, Diligent Investors LLC grew its holdings in shares of Charles Schwab by 3.0% during the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after buying an additional 176 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 1.1 %

Shares of NYSE SCHW traded down $0.79 during midday trading on Tuesday, hitting $73.77. The company’s stock had a trading volume of 2,992,134 shares, compared to its average volume of 7,648,960. The business’s fifty day simple moving average is $69.89 and its two-hundred day simple moving average is $64.17. The firm has a market capitalization of $131.02 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Bank of America lifted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock valued at $27,400,905 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

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.