Noesis Capital Mangement Corp Sells 855 Shares of The Charles Schwab Co. (NYSE:SCHW)

Noesis Capital Mangement Corp decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,898 shares of the financial services provider’s stock after selling 855 shares during the period. Noesis Capital Mangement Corp’s holdings in Charles Schwab were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after purchasing an additional 1,711,312 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Charles Schwab by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider’s stock worth $1,308,485,000 after acquiring an additional 493,264 shares during the last quarter. Legal & General Group Plc raised its holdings in Charles Schwab by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 10,886,058 shares of the financial services provider’s stock worth $802,193,000 after acquiring an additional 225,397 shares during the last quarter. Allen Investment Management LLC boosted its stake in Charles Schwab by 3.0% during the 2nd quarter. Allen Investment Management LLC now owns 8,712,364 shares of the financial services provider’s stock valued at $642,014,000 after purchasing an additional 251,485 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Charles Schwab by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,893,522 shares of the financial services provider’s stock valued at $511,579,000 after purchasing an additional 66,022 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW opened at $82.60 on Thursday. The stock has a 50-day simple moving average of $71.66 and a two-hundred day simple moving average of $69.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52-week low of $55.59 and a 52-week high of $82.65. The firm has a market capitalization of $147.00 billion, a PE ratio of 32.27, a P/E/G ratio of 1.77 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the company posted $0.77 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s payout ratio is 39.06%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SCHW. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler boosted their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Jefferies Financial Group dropped their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Cowen lifted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $74.18.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,968 shares of company stock worth $9,419,271. 6.60% 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.