Beacon Financial Group Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Beacon Financial Group lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,434 shares of the financial services provider’s stock after selling 774 shares during the quarter. Beacon Financial Group’s holdings in Charles Schwab were worth $2,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SCHW. TCV Trust & Wealth Management Inc. acquired a new position in Charles Schwab in the 4th quarter valued at about $228,000. Warther Private Wealth LLC boosted its stake in shares of Charles Schwab by 1.9% in the fourth quarter. Warther Private Wealth LLC now owns 220,030 shares of the financial services provider’s stock valued at $16,284,000 after purchasing an additional 4,010 shares during the period. Index Fund Advisors Inc. grew its holdings in shares of Charles Schwab by 1.6% in the fourth quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 143 shares in the last quarter. Cardinal Strategic Wealth Guidance purchased a new stake in Charles Schwab during the 4th quarter worth approximately $224,000. Finally, Principle Wealth Partners LLC lifted its holdings in Charles Schwab by 2.7% during the 4th quarter. Principle Wealth Partners LLC now owns 5,777 shares of the financial services provider’s stock worth $428,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $84.56.

Charles Schwab Price Performance

Shares of SCHW opened at $83.51 on Wednesday. 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 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market cap of $148.61 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The firm has a fifty day moving average price of $77.99 and a 200 day moving average price of $71.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Insider Activity

In other news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock valued at $3,859,731 in the last ninety days. 6.60% of the stock is currently owned by company 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.