Cutler Investment Counsel LLC Sells 1,413 Shares of The Charles Schwab Co. (NYSE:SCHW)

Cutler Investment Counsel LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,319 shares of the financial services provider’s stock after selling 1,413 shares during the period. Charles Schwab accounts for 2.1% of Cutler Investment Counsel LLC’s portfolio, making the stock its 16th largest holding. Cutler Investment Counsel LLC’s holdings in Charles Schwab were worth $14,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC raised its stake in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth about $32,000. BluePath Capital Management LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee bought a new stake in shares of Charles Schwab during the fourth quarter worth $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.73 during trading hours on Friday, hitting $73.66. The company’s stock had a trading volume of 4,511,993 shares, compared to its average volume of 7,712,295. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $130.82 billion, a P/E ratio of 30.80, a PEG ratio of 1.06 and a beta of 1.01. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $73.88. The stock has a fifty day simple moving average of $68.38 and a 200-day simple moving average of $62.89.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm’s revenue was down 18.9% on a year-over-year basis. On average, analysts anticipate that The Charles Schwab Co. will post 3.43 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold a total of 312,800 shares of company stock valued at $21,081,569 in the last 90 days. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler increased their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, Bank of America boosted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.47.

About Charles Schwab

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.