Vaughan David Investments LLC IL Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

Vaughan David Investments LLC IL lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,349 shares of the financial services provider’s stock after selling 5,359 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Charles Schwab were worth $3,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $25,000. Washington Trust Advisors Inc. boosted 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 acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $31,000. Planning Capital Management Corp acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % 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, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock worth $39,938,849 over the last three months. 6.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research reports. Barclays raised their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. UBS Group boosted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $80.16 on Tuesday. The company has a 50 day moving average of $78.03 and a 200-day moving average of $73.22. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. 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 company has a market cap of $142.78 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed 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 boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is 36.12%.

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.