Thompson Siegel & Walmsley LLC Has $6.45 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Thompson Siegel & Walmsley LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 32.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,089 shares of the financial services provider’s stock after selling 41,614 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Charles Schwab were worth $6,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the third quarter worth $33,000. Peterson Financial Group Inc. acquired a new stake in shares of Charles Schwab during the third quarter worth $35,000. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after buying an additional 563 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

Charles Schwab stock opened at $73.49 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-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. The business’s 50-day moving average price is $78.41 and its two-hundred day moving average price is $74.16. The stock has a market cap of $133.28 billion, a PE ratio of 24.58, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS 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 firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.33.

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.