The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 30.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,888 shares of the financial services provider’s stock after selling 6,404 shares during the quarter. Ridgewood Investments LLC’s holdings in Charles Schwab were worth $1,102,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. lifted its holdings in 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 buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SCHW. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $95.00 in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised their target price on Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a research report on Monday. Finally, Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $81.19.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,968 shares of company stock worth $8,842,821 in the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.32 during mid-day trading on Friday, reaching $73.32. The company had a trading volume of 4,348,511 shares, compared to its average volume of 7,247,302. 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 market cap of $130.48 billion, a PE ratio of 28.64, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a 50-day moving average price of $77.53 and a two-hundred day moving average price of $70.65. 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 issued 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 for 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%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

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.