RWA Wealth Partners LLC Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

RWA Wealth Partners LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,544 shares of the financial services provider’s stock after selling 2,480 shares during the quarter. RWA Wealth Partners LLC’s holdings in Charles Schwab were worth $15,582,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group increased its position in shares of Charles Schwab by 10.1% during the fourth quarter. Schroder Investment Management Group now owns 630,922 shares of the financial services provider’s stock worth $46,644,000 after acquiring an additional 57,684 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Charles Schwab by 91.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,217,799 shares of the financial services provider’s stock worth $460,179,000 after purchasing an additional 2,962,878 shares during the period. Allianz SE purchased a new stake in Charles Schwab during the 4th quarter worth about $634,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $1,756,000. Finally, Allstate Corp acquired a new position in shares of Charles Schwab during the fourth quarter worth about $3,514,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Truist Financial raised their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.33.

Insider Transactions at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the transaction, the insider now directly owns 49,204 shares in the company, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 509,701 shares of company stock worth $41,641,353. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $77.79 on Friday. The company has a market capitalization of $141.08 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. 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 50-day simple moving average of $79.55 and a 200-day simple moving average of $75.36. 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 announced 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 36.12%.

Charles Schwab 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.