Catalina Capital Group LLC Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Catalina Capital Group LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,666 shares of the financial services provider’s stock after selling 202 shares during the quarter. Catalina Capital Group LLC’s holdings in Charles Schwab were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Merit Financial Group LLC raised its stake in shares of Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after buying an additional 23,383 shares during the last quarter. Benjamin Edwards Inc. raised its position in Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 5,937 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $688,000. Finally, Patten & Patten Inc. TN increased its stake in shares of Charles Schwab by 155.9% during the 3rd quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after purchasing an additional 63,463 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SCHW. JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. 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 stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $84.11.

Charles Schwab Price Performance

SCHW opened at $82.76 on Tuesday. The company has a 50 day moving average of $77.97 and a two-hundred day moving average of $71.22. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week 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. The company has a market cap of $147.28 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm 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 firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date 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 yield of 1.30%. Charles Schwab’s payout ratio is 33.44%.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock valued at $4,052,281 over the last 90 days. 6.60% of the stock is owned by corporate 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.