The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Talbot Financial LLC

Talbot Financial LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,661 shares of the financial services provider's stock after selling 3,420 shares during the quarter. Charles Schwab comprises about 1.6% of Talbot Financial LLC's holdings, making the stock its 25th largest position. Talbot Financial LLC's holdings in Charles Schwab were worth $12,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the fourth quarter valued at $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab during the 4th quarter valued at about $41,000. Investors Research Corp lifted its holdings in shares of Charles Schwab by 75.2% during the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock worth $44,000 after acquiring an additional 240 shares during the period. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $46,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. UBS Group lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Truist Financial raised their price objective on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Stock Up 0.0%

Shares of NYSE SCHW traded up $0.04 during trading on Thursday, reaching $87.52. 2,670,056 shares of the stock were exchanged, compared to its average volume of 10,800,255. The company has a market capitalization of $159.02 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business's 50-day moving average price is $81.35 and its 200 day moving average price is $79.54. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, equities analysts forecast that The Charles Schwab Co. 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. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Insider Activity at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the transaction, the insider now owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,608 shares of company stock valued at $8,392,040. Insiders own 6.30% of the company's stock.

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.