Lountzis Asset Management LLC Sells 3,950 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Lountzis Asset Management LLC trimmed its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 43.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,166 shares of the financial services provider's stock after selling 3,950 shares during the period. Lountzis Asset Management LLC's holdings in Charles Schwab were worth $414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab in the first quarter worth $25,000. Westside Investment Management Inc. lifted its stake in shares of Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares during the last quarter. WFA Asset Management Corp acquired a new position in Charles Schwab during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC raised its stake in Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the 4th quarter valued at $38,000. 84.38% of the stock is owned by institutional investors.

Insider Activity at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 10,129 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider directly owned 39,154 shares of the company's stock, valued at $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 0.4%

Shares of NYSE:SCHW opened at $92.67 on Thursday. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $92.80. The company's 50-day moving average price is $88.12 and its two-hundred day moving average price is $81.16. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $168.38 billion, a P/E ratio of 28.04, a P/E/G ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter last year, the firm earned $0.74 EPS. As a group, research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.17%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Raymond James Financial upped their target price on shares of Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a research note on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Piper Sandler upped their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus target price of $90.85.

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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.