The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 9.7% during the 4th quarter, Holdings Channel reports. The firm owned 24,341 shares of the financial services provider’s stock after selling 2,618 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Charles Schwab were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Charles Schwab by 16.3% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock worth $4,301,000 after buying an additional 8,156 shares during the last quarter. Michael S. Ryan Inc. lifted its position in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 144 shares in the last quarter. Collective Family Office LLC acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $202,000. Spartan Planning & Wealth Management purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $227,000. Finally, Diversified Trust Co raised its stake in Charles Schwab by 13.3% in the 4th quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.9 %

Shares of SCHW opened at $72.93 on Friday. The company’s 50-day moving average price is $77.53 and its 200 day moving average price is $70.65. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $129.79 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SCHW shares. Jefferies Financial Group lifted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Cowen increased their price objective 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. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company increased their price target on Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.19.

Insider Activity

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The transaction 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 the stock in a transaction 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 sale, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently 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.