Blair William & Co. IL Sells 122,166 Shares of The Charles Schwab Co. (NYSE:SCHW)

Blair William & Co. IL lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,430,811 shares of the financial services provider’s stock after selling 122,166 shares during the period. Blair William & Co. IL’s holdings in Charles Schwab were worth $105,894,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock worth $40,952,233 in the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

NYSE:SCHW opened at $80.12 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The business’s 50-day simple moving average is $79.44 and its two-hundred day simple moving average is $75.14. The stock has a market cap of $145.30 billion, a PE ratio of 26.80, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. As a group, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SCHW shares. Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group boosted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $86.33.

About Charles Schwab

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.