American Money Management LLC Has $810,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

American Money Management LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 86.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,951 shares of the financial services provider’s stock after selling 68,298 shares during the period. American Money Management LLC’s holdings in Charles Schwab were worth $810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its holdings in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares during the period. N.E.W. Advisory Services LLC increased its stake in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC raised its position in shares of Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares during the period. Finally, Personal CFO Solutions LLC boosted its holdings in Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 509,701 shares of company stock worth $41,641,353 over the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $77.79 on Friday. The stock has a market cap of $141.08 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm’s 50-day simple moving average is $79.55 and its 200 day simple moving average is $75.36.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SCHW shares. Redburn Partners dropped their price target 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. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Citigroup lifted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.33.

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.