The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,088 shares of the financial services provider’s stock after selling 6,166 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Charles Schwab were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Brookstone Capital Management raised its holdings in Charles Schwab by 5.2% during the third quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 422 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $32,000. Sanibel Captiva Trust Company Inc. acquired a new stake in Charles Schwab during the third quarter worth approximately $201,000. Tobam grew its position in shares of Charles Schwab by 17.5% during the third quarter. Tobam now owns 3,652 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 545 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new position in shares of Charles Schwab during the third quarter worth approximately $1,750,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock valued at $4,052,281 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SCHW. Jefferies Financial Group raised their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Redburn Partners lowered their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Truist Financial restated a “buy” rating and set a $90.00 target price (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $84.50.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $83.18 on Friday. The firm has a market capitalization of $148.04 billion, a P/E ratio of 27.82, a PEG ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.04. The company’s fifty day moving average is $77.99 and its two-hundred day moving average is $71.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results 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. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is 33.44%.

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.