Opinicus Capital Inc. Trims Holdings in The Charles Schwab Co. (NYSE:SCHW)

Opinicus Capital Inc. lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,210 shares of the financial services provider's stock after selling 4,682 shares during the period. Opinicus Capital Inc.'s holdings in Charles Schwab were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Everhart Financial Group Inc. raised its position in shares of Charles Schwab by 23.0% in the 1st quarter. Everhart Financial Group Inc. now owns 8,041 shares of the financial services provider's stock worth $629,000 after acquiring an additional 1,502 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in Charles Schwab by 4.1% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 5,635 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 222 shares during the period. RMR Wealth Builders grew its holdings in Charles Schwab by 2.8% during the first quarter. RMR Wealth Builders now owns 7,493 shares of the financial services provider's stock valued at $587,000 after purchasing an additional 201 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in shares of Charles Schwab by 16.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 17,725 shares of the financial services provider's stock worth $1,387,000 after acquiring an additional 2,537 shares during the period. Finally, Rockland Trust Co. bought a new position in shares of Charles Schwab in the first quarter worth $361,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

NYSE:SCHW traded down $1.24 during trading hours on Friday, reaching $87.26. 8,938,909 shares of the company's stock were exchanged, compared to its average volume of 9,430,908. The business's 50-day simple moving average is $83.30 and its two-hundred day simple moving average is $79.85. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $158.55 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm earned $0.74 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the transaction, the insider now directly owns 15,219 shares in the company, valued at approximately $1,332,727.83. This trade represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on SCHW. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Barclays cut their target price 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. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Truist Financial increased their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, UBS Group upped their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.25.

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.