The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,081 shares of the financial services provider’s stock after selling 990 shares during the quarter. Sentry Investment Management LLC’s holdings in Charles Schwab were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SCHW. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. increased its stake 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 purchasing an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at about $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the third quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Charles Schwab during the third quarter worth about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Truist Financial upped their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.16 on Tuesday. The stock has a fifty day moving average price of $78.03 and a 200 day moving average price of $73.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $142.78 billion, a PE ratio of 26.81, a P/E/G ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 18.20% and a net margin of 30.31%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. Sell-side analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share 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. Stockholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 36.12%.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock valued at $39,938,849 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

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.