Boston Common Asset Management LLC Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Boston Common Asset Management LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 45.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,612 shares of the financial services provider's stock after selling 109,034 shares during the quarter. Boston Common Asset Management LLC's holdings in Charles Schwab were worth $10,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Pacific Wealth Management LLC purchased a new position in Charles Schwab during the 4th quarter worth $688,000. Cary Street Partners Financial LLC acquired a new stake in Charles Schwab during the 4th quarter worth about $1,455,000. Golden State Equity Partners lifted its holdings in shares of Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after buying an additional 9,108 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after buying an additional 43,308 shares during the period. Finally, Banco Santander S.A. lifted its holdings in shares of Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after buying an additional 5,413 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SCHW shares. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. TD Securities upped their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the sale, the director now owns 105,654 shares of the company's stock, valued at $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,735 shares of company stock worth $8,867,382 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $0.59 during mid-day trading on Friday, reaching $88.35. 11,834,362 shares of the stock traded hands, compared to its average volume of 9,398,983. The business has a 50-day moving average of $80.83 and a 200 day moving average of $79.37. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The stock has a market capitalization of $160.53 billion, a PE ratio of 29.55, a PEG ratio of 0.99 and a beta of 0.90. 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 - Get Free Report) 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. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations 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 prior year, the firm earned $0.74 earnings per share. On average, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.