The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,850 shares of the financial services provider's stock after selling 35,754 shares during the period. Pathstone Holdings LLC's holdings in Charles Schwab were worth $11,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab during the fourth quarter valued at about $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $41,000. Knuff & Co LLC boosted its position in shares of Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 0.7%

NYSE SCHW traded up $0.61 on Friday, hitting $88.72. 6,562,751 shares of the stock traded hands, compared to its average volume of 9,442,608. The stock has a 50-day moving average of $78.76 and a 200 day moving average of $78.47. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $88.87. The company has a market capitalization of $161.19 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Piper Sandler upped their target price on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and upped their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Truist Financial upped their target price on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company decreased their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley upped their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.33.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the 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 sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This represents a 5.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock worth $3,014,797 over the last quarter. 6.30% of the stock is owned by corporate 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.