KCM Investment Advisors LLC Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

KCM Investment Advisors LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,799 shares of the financial services provider’s stock after selling 1,184 shares during the period. KCM Investment Advisors LLC’s holdings in Charles Schwab were worth $7,682,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Charles Schwab in the 4th quarter valued at approximately $35,403,000. Islay Capital Management LLC lifted its position in Charles Schwab by 4.9% during the fourth quarter. Islay Capital Management LLC now owns 5,016 shares of the financial services provider’s stock valued at $371,000 after buying an additional 235 shares during the period. Prudential PLC boosted its holdings in shares of Charles Schwab by 38.6% during the 4th quarter. Prudential PLC now owns 65,487 shares of the financial services provider’s stock valued at $4,847,000 after buying an additional 18,223 shares in the last quarter. Pitcairn Co. grew its position in shares of Charles Schwab by 4.2% in the 4th quarter. Pitcairn Co. now owns 10,331 shares of the financial services provider’s stock worth $765,000 after buying an additional 421 shares during the period. Finally, ExodusPoint Capital Management LP increased its stake in shares of Charles Schwab by 964.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 266,115 shares of the financial services provider’s stock worth $19,695,000 after acquiring an additional 241,115 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 7.7 %

Shares of SCHW stock opened at $69.07 on Friday. The stock has a market capitalization of $125.26 billion, a P/E ratio of 23.10, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $79.09 and its 200 day moving average is $75.73. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on SCHW. Jefferies Financial Group boosted their price objective 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. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley lifted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Truist Financial lowered their price target on Charles Schwab from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.94.

Charles Schwab Company 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.