Triumph Capital Management Trims Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Triumph Capital Management lessened its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 64.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,997 shares of the financial services provider's stock after selling 7,177 shares during the period. Triumph Capital Management's holdings in Charles Schwab were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab during the fourth quarter valued at $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC lifted its stake in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners acquired a new stake in Charles Schwab in the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SCHW. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. JMP Securities restated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a report on Friday, April 25th. Finally, Truist Financial upped their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This trade represents a 5.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,412 shares of company stock worth $3,014,797 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Trading Down 1.8%

Shares of SCHW stock traded down $1.61 on Wednesday, hitting $87.57. The stock had a trading volume of 8,579,684 shares, compared to its average volume of 9,432,562. The company's 50 day moving average price is $79.37 and its 200-day moving average price is $78.67. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $159.10 billion, a P/E ratio of 29.29, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the firm earned $0.74 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. Charles Schwab's dividend payout ratio (DPR) is presently 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.