American Trust Reduces Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

American Trust trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 22.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,338 shares of the financial services provider’s stock after selling 12,792 shares during the period. American Trust’s holdings in Charles Schwab were worth $2,809,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Washington Trust Advisors Inc. increased its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter valued at about $25,000. American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.5 %

SCHW opened at $82.83 on Friday. The business’s 50-day simple moving average is $75.55 and its 200-day simple moving average is $70.41. The company has a market cap of $147.41 billion, a P/E ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.96. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. 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 released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SCHW shares. Citigroup lowered their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America reduced their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler lifted their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Raymond James reduced their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.75.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,968 shares of company stock valued at $9,419,271. Insiders own 6.60% of the company’s stock.

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.