Cetera Investment Advisers Lowers Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Cetera Investment Advisers cut its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,230 shares of the financial services provider's stock after selling 7,944 shares during the period. Cetera Investment Advisers' holdings in Charles Schwab were worth $28,067,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC increased its holdings in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC grew its stake in shares of Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after buying an additional 127 shares during the period. Finally, Personal CFO Solutions LLC lifted its stake in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 0.2 %

Shares of NYSE:SCHW traded up $0.16 during trading on Friday, hitting $84.53. 5,909,955 shares of the company were exchanged, compared to its average volume of 9,413,142. The firm's 50 day moving average price is $77.48 and its 200-day moving average price is $77.89. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $85.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $153.30 billion, a P/E ratio of 28.27, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced 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 firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.74 earnings per share. On average, research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value 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 represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 503,041 shares of company stock worth $41,072,558. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. UBS Group upped their target price 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. Piper Sandler raised their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays decreased their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.22.

Charles Schwab 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.