Chesley Taft & Associates LLC Sells 275 Shares of The Charles Schwab Co. (NYSE:SCHW)

Chesley Taft & Associates LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,873 shares of the financial services provider’s stock after selling 275 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Charles Schwab were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab in the fourth quarter worth $38,000. Atala Financial Inc purchased a new position in Charles Schwab in the fourth quarter worth $41,000. Investors Research Corp grew its position in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 240 shares in the last quarter. Knuff & Co LLC grew its position in 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 in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab in the fourth quarter worth $46,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the transaction, the insider now directly owns 39,154 shares of the company’s stock, valued at $3,433,022.72. This represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,608 shares of company stock worth $8,392,040. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SCHW. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. JMP Securities restated a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Finally, Truist Financial upped their price target 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Charles Schwab Stock Performance

Charles Schwab stock opened at $87.17 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 has a 50-day moving average of $81.53 and a 200-day moving average of $79.58. The firm has a market cap of $158.38 billion, a P/E ratio of 29.15, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85.

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

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio is currently 32.73%.

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.