The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 885,706 shares of the financial services provider's stock after selling 21,195 shares during the quarter. Bristol John W & Co. Inc. NY's holdings in Charles Schwab were worth $65,551,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the 4th quarter worth approximately $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the fourth quarter worth $41,000. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners purchased a new position in Charles Schwab in the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter valued at $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the sale, the director now owns 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders sold a total of 104,735 shares of company stock valued at $8,867,382 over the last three months. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Piper Sandler raised their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. TD Securities lifted their price objective on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods raised 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.63.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.59 during mid-day trading on Friday, hitting $88.35. 11,834,258 shares of the company's stock traded hands, compared to its average volume of 9,390,263. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $160.53 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The firm's 50 day simple moving average is $80.68 and its 200 day simple moving average is $79.30. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $5.46 billion. During the same period last year, the company posted $0.74 EPS. Sell-side analysts expect 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. Shareholders of record on Friday, May 9th were given 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 payout ratio is 32.73%.

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.