The Charles Schwab Co. (NYSE:SCHW) Shares Sold by CMG Global Holdings LLC

CMG Global Holdings LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,619 shares of the financial services provider’s stock after selling 3,612 shares during the period. CMG Global Holdings LLC’s holdings in Charles Schwab were worth $1,017,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab in the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. raised its holdings in shares of Charles Schwab by 62.6% during 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 during the period. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in Charles Schwab in the 3rd quarter worth approximately $32,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab in the third quarter valued at approximately $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Charles Schwab 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 transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group increased their price target on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.11.

Charles Schwab Stock Up 1.9 %

NYSE SCHW opened at $83.59 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.84. The company has a market capitalization of $148.76 billion, a P/E ratio of 27.96, a PEG ratio of 1.00 and a beta of 0.99. The company’s 50 day simple moving average is $77.89 and its 200 day simple moving average is $71.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly 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 last year, the company posted $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is currently 33.44%.

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.