GAM Holding AG Sells 16,948 Shares of The Charles Schwab Co. (NYSE:SCHW)

GAM Holding AG reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 199,808 shares of the financial services provider’s stock after selling 16,948 shares during the quarter. Charles Schwab comprises approximately 1.1% of GAM Holding AG’s portfolio, making the stock its 22nd biggest holding. GAM Holding AG’s holdings in Charles Schwab were worth $14,788,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% in the 3rd 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. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the third quarter worth about $31,000. Hazlett Burt & Watson Inc. bought a new stake in Charles Schwab during the 3rd quarter worth approximately $33,000. Finally, Planning Capital Management Corp bought a new stake in shares of Charles Schwab in the third quarter worth $33,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCHW shares. Jefferies Financial Group increased their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Piper Sandler raised their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Citigroup increased their price target on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $84.56.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.32 on Tuesday. The company has a 50-day moving average price of $78.03 and a two-hundred day moving average price of $72.45. The firm has a market capitalization of $142.94 billion, a PE ratio of 26.86, a P/E/G ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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 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 analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction 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 transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 502,859 shares of company stock valued at $41,161,496 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

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.