GC Wealth Management RIA LLC Sells 4,847 Shares of The Charles Schwab Co. (NYSE:SCHW)

GC Wealth Management RIA LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 49.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921 shares of the financial services provider’s stock after selling 4,847 shares during the period. GC Wealth Management RIA LLC’s holdings in Charles Schwab were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Inspire Advisors LLC increased its stake in shares of Charles Schwab by 3.5% during the fourth quarter. Inspire Advisors LLC now owns 19,808 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 678 shares in the last quarter. Markel Group Inc. increased its stake in shares of Charles Schwab by 1.0% during the fourth quarter. Markel Group Inc. now owns 1,363,800 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,000 shares in the last quarter. Cornerstone Advisors LLC increased its stake in shares of Charles Schwab by 1.5% during the fourth quarter. Cornerstone Advisors LLC now owns 107,800 shares of the financial services provider’s stock valued at $7,978,000 after purchasing an additional 1,600 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Charles Schwab by 1.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 100,967 shares of the financial services provider’s stock valued at $7,473,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in shares of Charles Schwab by 4.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 7,454 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 311 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 1.9 %

Shares of SCHW stock opened at $72.58 on Wednesday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month 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 firm’s 50 day moving average is $78.42 and its 200 day moving average is $74.16. The stock has a market capitalization of $131.63 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last released 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.49%. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SCHW. Truist Financial raised 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. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Jefferies Financial Group increased their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JMP Securities reiterated a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Piper Sandler increased their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $86.33.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock worth $40,952,233 in the last three months. Company insiders own 6.60% of the company’s stock.

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.