Community Financial Services Group LLC Sells 9,358 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Community Financial Services Group LLC cut its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,423 shares of the financial services provider's stock after selling 9,358 shares during the period. Community Financial Services Group LLC's holdings in Charles Schwab were worth $3,947,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SCHW. Atwood & Palmer Inc. bought a new position in shares of Charles Schwab in the first quarter worth about $25,000. WFA Asset Management Corp bought a new position in shares of Charles Schwab in the first quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the fourth quarter valued at about $38,000. Beacon Capital Management LLC increased its stake in Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 shares during the period. Finally, Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter valued at about $41,000. 84.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 1.0%

Shares of SCHW opened at $88.30 on Tuesday. The company has a market capitalization of $160.44 billion, a P/E ratio of 26.76, a PEG ratio of 0.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $90.60. The business's 50 day simple moving average is $85.04 and its 200-day simple moving average is $80.15.

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, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $0.74 EPS. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company lowered their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

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.

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