SOL Capital Management CO lowered its position in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,926 shares of the financial services provider’s stock after selling 6,185 shares during the period. SOL Capital Management CO’s holdings in Charles Schwab were worth $3,621,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in SCHW. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab in the third quarter valued at $25,000. Washington Trust Advisors Inc. grew its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the third quarter valued at $32,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.
Insider Activity
In other news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock worth $4,052,281 over the last quarter. Insiders own 6.60% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Report on SCHW
Charles Schwab Price Performance
Shares of NYSE:SCHW opened at $83.59 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.84. The business has a fifty day moving average price of $77.89 and a 200-day moving average price of $71.00. 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 company has a market capitalization of $148.76 billion, a PE ratio of 27.96, a PEG ratio of 1.00 and a beta of 0.99.
Charles Schwab (NYSE:SCHW – Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the company posted $0.68 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.
Charles Schwab Increases Dividend
The firm 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 $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is presently 33.44%.
About Charles Schwab
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.
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