Talbot Financial LLC Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Talbot Financial LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 162,081 shares of the financial services provider’s stock after selling 1,559 shares during the period. Charles Schwab comprises 1.4% of Talbot Financial LLC’s portfolio, making the stock its 27th biggest holding. Talbot Financial LLC’s holdings in Charles Schwab were worth $11,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BOKF NA raised its position in shares of Charles Schwab by 23.2% in the second quarter. BOKF NA now owns 24,721 shares of the financial services provider’s stock worth $1,822,000 after buying an additional 4,652 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Charles Schwab by 33.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 560,994 shares of the financial services provider’s stock worth $41,133,000 after buying an additional 141,676 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of Charles Schwab in the second quarter worth $808,000. Oppenheimer Asset Management Inc. raised its position in Charles Schwab by 26.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 145,485 shares of the financial services provider’s stock valued at $10,721,000 after purchasing an additional 30,004 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Charles Schwab by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,519,303 shares of the financial services provider’s stock valued at $406,717,000 after purchasing an additional 71,143 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.6 %

Shares of NYSE:SCHW traded down $0.44 during trading on Monday, reaching $72.33. The company’s stock had a trading volume of 2,381,058 shares, compared to its average volume of 7,584,710. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35. The firm’s 50 day simple moving average is $77.57 and its two-hundred day simple moving average is $70.59. The stock has a market capitalization of $128.72 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

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, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. On average, research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,968 shares of company stock valued at $8,842,821 over the last 90 days. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler raised their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lifted their price objective on Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

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.