Sendero Wealth Management LLC Sells 18,202 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sendero Wealth Management LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 14.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 108,810 shares of the financial services provider’s stock after selling 18,202 shares during the quarter. Charles Schwab accounts for approximately 1.2% of Sendero Wealth Management LLC’s portfolio, making the stock its 21st largest position. Sendero Wealth Management LLC’s holdings in Charles Schwab were worth $8,053,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Alliance Wealth Advisors LLC lifted its holdings in shares of Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 142 shares during the period. Michael S. Ryan Inc. increased its position in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares in the last quarter. GS Investments Inc. lifted its holdings in Charles Schwab by 0.3% during the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after purchasing an additional 146 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares in the last quarter. Finally, Arcataur Capital Management LLC grew its stake in Charles Schwab by 2.3% during the third quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after buying an additional 150 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $188,623.00. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,823 shares of company stock worth $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.9 %

NYSE:SCHW opened at $73.75 on Thursday. The stock has a market cap of $131.25 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.19 and a beta of 0.99. 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 stock has a 50-day moving average price of $77.62 and a two-hundred day moving average price of $70.58. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. As a group, equities analysts expect that The Charles Schwab Co. will post 3.13 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is presently 39.06%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SCHW shares. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler boosted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. 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 research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.63.

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.