Csenge Advisory Group Sells 331 Shares of The Charles Schwab Co. (NYSE:SCHW)

Csenge Advisory Group lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,881 shares of the financial services provider’s stock after selling 331 shares during the quarter. Csenge Advisory Group’s holdings in Charles Schwab were worth $509,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its holdings in Charles Schwab by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 6,615 shares of the financial services provider’s stock worth $429,000 after buying an additional 324 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of Charles Schwab by 10.5% during the third quarter. Cyndeo Wealth Partners LLC now owns 3,597 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 342 shares in the last quarter. Vest Financial LLC bought a new position in shares of Charles Schwab in the third quarter worth $446,000. Allspring Global Investments Holdings LLC grew its position in shares of Charles Schwab by 11.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 740,592 shares of the financial services provider’s stock valued at $47,998,000 after purchasing an additional 78,712 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its stake in shares of Charles Schwab by 435.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 6,602 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 5,370 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 502,859 shares of company stock worth $41,161,496. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial lifted their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Citigroup increased their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Trading Up 1.4 %

Shares of SCHW opened at $81.49 on Wednesday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a market cap of $145.02 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.02 and a beta of 0.99. The firm has a 50 day moving average price of $78.01 and a 200-day moving average price of $72.57. 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 quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is 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.