The Charles Schwab Co. (NYSE:SCHW) Position Cut by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,327 shares of the financial services provider’s stock after selling 1,291 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Charles Schwab were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC grew its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after buying an additional 19,195 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Charles Schwab by 9.4% during the 4th quarter. CENTRAL TRUST Co now owns 11,509 shares of the financial services provider’s stock worth $852,000 after buying an additional 991 shares in the last quarter. Chicago Capital LLC lifted its stake in shares of Charles Schwab by 6.0% in the 4th quarter. Chicago Capital LLC now owns 15,529 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 880 shares during the period. Financial Life Planners bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Optas LLC boosted its holdings in shares of Charles Schwab by 25.7% in the fourth quarter. Optas LLC now owns 4,708 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 964 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SCHW shares. Wells Fargo & Company dropped their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Morgan Stanley boosted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Finally, Truist Financial raised their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $88.00 on Wednesday. The company’s fifty day moving average is $81.16 and its two-hundred day moving average is $79.49. The company has a market cap of $159.89 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, May 9th. Charles Schwab’s payout ratio is currently 32.73%.

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.