Tran Capital Management L.P. Has $13.97 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Tran Capital Management L.P. reduced its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,422 shares of the financial services provider's stock after selling 17,902 shares during the quarter. Charles Schwab accounts for 1.9% of Tran Capital Management L.P.'s investment portfolio, making the stock its 21st biggest holding. Tran Capital Management L.P.'s holdings in Charles Schwab were worth $13,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gladstone Institutional Advisory LLC lifted its holdings in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares during the period. Klingman & Associates LLC increased its position in Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after buying an additional 127 shares in the last quarter. Personal CFO Solutions LLC increased its position in Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after buying an additional 130 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its position in shares of Charles Schwab by 1.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 142 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. 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. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial boosted their price target on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.08 on Thursday, reaching $88.48. 4,380,356 shares of the company traded hands, compared to its average volume of 9,397,076. The company's 50 day moving average is $82.58 and its 200-day moving average is $79.79. The stock has a market capitalization of $160.77 billion, a PE ratio of 29.59, a P/E/G ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the prior year, the company earned $0.74 earnings per share. As a group, analysts anticipate 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. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,433,022.72. This represents a 7.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is owned by insiders.

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.