Yousif Capital Management LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Yousif Capital Management LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 192,473 shares of the financial services provider’s stock after selling 6,537 shares during the quarter. Yousif Capital Management LLC’s holdings in Charles Schwab were worth $14,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% in 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 during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the 3rd quarter valued at $25,000. 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 stake in shares of Charles Schwab during the third quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.0 %

NYSE SCHW opened at $81.90 on Wednesday. The business’s fifty day moving average is $77.99 and its 200 day moving average is $71.36. The company has a market cap of $145.75 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SCHW. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price target (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. UBS Group lifted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average price target of $84.11.

Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is owned by insiders.

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.