Gill Capital Partners LLC Has $3.09 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Gill Capital Partners LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,793 shares of the financial services provider’s stock after selling 3,100 shares during the quarter. Charles Schwab accounts for about 1.1% of Gill Capital Partners LLC’s holdings, making the stock its 26th largest position. Gill Capital Partners LLC’s holdings in Charles Schwab were worth $3,093,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SCHW. Washington Trust Advisors Inc. grew its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SCHW. Jefferies Financial Group lifted their price target 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. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $74.00 to $95.00 in a report on Monday, December 9th. Finally, Truist Financial raised Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $81.41.

Charles Schwab Stock Performance

Charles Schwab stock opened at $76.53 on Friday. The business has a 50 day moving average of $77.63 and a 200-day moving average of $70.63. The company has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that The Charles Schwab Co. will post 3.13 earnings per share for the current 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 paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s 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 sale, the insider now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by corporate insiders.

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.