The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,974 shares of the financial services provider’s stock after selling 1,540 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Charles Schwab were worth $738,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHW. M&G PLC boosted its holdings in shares of Charles Schwab by 4.0% during the third quarter. M&G PLC now owns 146,129 shares of the financial services provider’s stock worth $9,498,000 after purchasing an additional 5,600 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Charles Schwab by 8.2% during the third quarter. Graypoint LLC now owns 8,828 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 670 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of Charles Schwab during the third quarter worth $312,000. Principal Financial Group Inc. boosted its holdings in shares of Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after purchasing an additional 38,201 shares during the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $1,028,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Redburn Partners decreased their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial lifted their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $86.33.

Insider Transactions at Charles Schwab

In other news, 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 transaction of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by insiders.

Charles Schwab Trading Down 1.3 %

NYSE:SCHW opened at $74.58 on Friday. The business’s 50-day moving average is $78.50 and its two-hundred day moving average is $73.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The firm has a market capitalization of $135.25 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Research analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

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.