The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Courier Capital LLC

Courier Capital LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,108 shares of the financial services provider’s stock after selling 497 shares during the quarter. Courier Capital LLC’s holdings in Charles Schwab were worth $3,338,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares during the last quarter. Darsana Capital Partners LP increased its stake in Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after purchasing an additional 2,000,000 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 6.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd grew its stake in shares of Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Charles Schwab in the 3rd quarter valued at $86,845,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.13 during trading hours on Monday, reaching $72.64. The company’s stock had a trading volume of 6,583,349 shares, compared to its average volume of 8,212,918. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The company’s 50 day simple moving average is $77.57 and its 200 day simple moving average is $70.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $129.27 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is currently 39.06%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the sale, the director now owns 551,329 shares in the company, valued at $39,783,900.64. This represents a 5.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,968 shares of company stock worth $8,842,821 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SCHW shares. Jefferies Financial Group lifted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup dropped their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on shares of Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.69.

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.