The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,415 shares of the financial services provider’s stock after selling 235 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Charles Schwab were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank increased its position in shares of Charles Schwab by 7.0% in the 3rd quarter. Czech National Bank now owns 304,322 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 19,833 shares during the last quarter. Eagle Rock Investment Company LLC acquired a new position in Charles Schwab in the third quarter valued at $1,314,000. Salvus Wealth Management LLC increased its position in Charles Schwab by 0.7% during the third quarter. Salvus Wealth Management LLC now owns 74,818 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 519 shares during the period. MBM Wealth Consultants LLC raised its holdings in shares of Charles Schwab by 10.4% in the third quarter. MBM Wealth Consultants LLC now owns 17,052 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 1,607 shares during the last quarter. Finally, Tealwood Asset Management Inc. purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $1,669,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SCHW shares. Raymond James reduced their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Truist Financial reiterated a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Cowen upped their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.11.

Charles Schwab Stock Performance

Charles Schwab stock opened at $82.76 on Tuesday. The firm has a market capitalization of $147.28 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The stock’s 50 day moving average price is $77.97 and its 200 day moving average price is $71.22. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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 net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced 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 is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.30%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is presently 33.44%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $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 a total of 50,014 shares of company stock valued at $4,052,281 over the last three months. 6.60% of the stock is owned by insiders.

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.