First National Advisers LLC Sells 9,319 Shares of The Charles Schwab Co. (NYSE:SCHW)

First National Advisers LLC decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 38.2% during the fourth quarter, Holdings Channel reports. The firm owned 15,100 shares of the financial services provider’s stock after selling 9,319 shares during the quarter. First National Advisers LLC’s holdings in Charles Schwab were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GWN Securities Inc. bought a new position in Charles Schwab during the fourth quarter valued at approximately $444,000. Glenview Trust co lifted its position in Charles Schwab by 0.3% during the fourth quarter. Glenview Trust co now owns 103,034 shares of the financial services provider’s stock valued at $7,626,000 after purchasing an additional 358 shares during the period. Patten & Patten Inc. TN lifted its position in Charles Schwab by 1.7% during the fourth quarter. Patten & Patten Inc. TN now owns 105,973 shares of the financial services provider’s stock valued at $7,843,000 after purchasing an additional 1,805 shares during the period. Harbour Investments Inc. lifted its position in Charles Schwab by 2.7% during the fourth quarter. Harbour Investments Inc. now owns 7,818 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 206 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Charles Schwab by 31.7% during the fourth quarter. Corient Private Wealth LLC now owns 837,432 shares of the financial services provider’s stock valued at $61,939,000 after buying an additional 201,752 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the 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 transaction, the insider now owns 57,818 shares of the company’s stock, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock worth $40,952,233 over the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

SCHW opened at $77.28 on Monday. The stock has a market capitalization of $140.15 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 0.99 and a beta of 0.98. The company has a fifty day moving average of $78.47 and a 200 day moving average of $74.39. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

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

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.40%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group upped their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays upped their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their target price 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. Piper Sandler upped their target price 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. Finally, Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.33.

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.