The Charles Schwab Co. (NYSE:SCHW) Position Reduced by Lazari Capital Management Inc.

Lazari Capital Management Inc. reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,314 shares of the financial services provider’s stock after selling 526 shares during the quarter. Lazari Capital Management Inc.’s holdings in Charles Schwab were worth $615,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Charles Schwab in the third quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Charles Schwab in the third quarter worth approximately $33,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 1.0 %

Shares of NYSE SCHW opened at $82.73 on Monday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.84. 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 business’s fifty day moving average price is $77.97 and its 200-day moving average price is $71.22. The stock has a market capitalization of $147.22 billion, a PE ratio of 27.67, a P/E/G ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock valued at $4,052,281 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of analyst reports. Bank of America reduced their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Piper Sandler upped their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.11.

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.