Kathleen S. Wright Associates Inc. Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Kathleen S. Wright Associates Inc. lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 31.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,850 shares of the financial services provider’s stock after selling 1,312 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Charles Schwab were worth $206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC raised its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab during the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab during the fourth quarter valued at about $31,000. Hall Laurie J Trustee purchased a new stake in Charles Schwab during the fourth quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc raised its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now directly owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock valued at $48,997,146 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SCHW. Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. UBS Group lifted their price objective on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays lifted their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley lifted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average price target of $75.56.

Charles Schwab Stock Up 0.2 %

Charles Schwab stock traded up $0.13 during trading hours on Friday, hitting $73.69. 8,997,560 shares of the stock traded hands, compared to its average volume of 5,743,318. The firm’s 50-day moving average price is $74.42 and its two-hundred day moving average price is $69.81. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a market cap of $130.97 billion, a PE ratio of 30.83, a PEG ratio of 1.14 and a beta of 0.96. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. On average, research analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.