The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,410,491 shares of the financial services provider's stock after selling 6,633,066 shares during the quarter. Nuveen Asset Management LLC owned 0.36% of Charles Schwab worth $474,440,000 at the end of the most recent reporting period.

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

Charles Schwab Stock Performance

NYSE:SCHW opened at $87.02 on Thursday. The firm has a market capitalization of $157.82 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business's fifty day moving average price is $78.11 and its 200 day moving average price is $78.14. 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 Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $87.29.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for 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 posted $0.74 earnings per share. On average, sell-side analysts anticipate 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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

Insiders Place Their Bets

In related news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,412 shares of company stock valued at $3,014,797. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SCHW shares. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and increased their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods increased 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus price target of $87.61.

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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