The Charles Schwab Co. (NYSE:SCHW) Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 13.6% in the 4th quarter, Holdings Channel reports. The fund owned 6,198 shares of the financial services provider’s stock after selling 974 shares during the period. KMG Fiduciary Partners LLC’s holdings in Charles Schwab were worth $459,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. grew its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab during the third quarter worth about $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab in the third quarter worth about $32,000. Finally, Planning Capital Management Corp purchased a new position in Charles Schwab in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SCHW shares. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Truist Financial raised shares of Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $81.41.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $76.53 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The business’s fifty day moving average price is $77.63 and its two-hundred day moving average price is $70.63.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.13 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s payout ratio is currently 39.06%.

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.