The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Signature Wealth Management Group

Signature Wealth Management Group lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 85.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,737 shares of the financial services provider's stock after selling 21,237 shares during the period. Signature Wealth Management Group's holdings in Charles Schwab were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new stake in Charles Schwab in the fourth quarter valued at $1,455,000. Banco Santander S.A. raised its holdings in Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after buying an additional 5,413 shares during the period. Bank of New York Mellon Corp lifted its position in Charles Schwab by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider's stock valued at $772,579,000 after buying an additional 60,683 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Charles Schwab by 217.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider's stock worth $3,578,000 after buying an additional 33,100 shares during the period. Finally, Graham Capital Management L.P. boosted its stake in Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock worth $8,317,000 after buying an additional 80,112 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. TD Securities raised their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.25.

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $87.26 on Monday. The company has a market cap of $158.55 billion, a P/E ratio of 29.18, a PEG ratio of 0.99 and a beta of 0.94. The firm has a fifty day moving average price of $83.30 and a 200 day moving average price of $79.84. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the firm posted $0.74 EPS. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.24%. Charles Schwab's dividend payout ratio is currently 32.73%.

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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