The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,037 shares of the financial services provider’s stock after selling 226 shares during the period. Signaturefd LLC’s holdings in Charles Schwab were worth $1,791,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHW. Providence Capital Advisors LLC purchased a new position in Charles Schwab in the 3rd quarter worth approximately $28,000. Sugarloaf Wealth Management LLC lifted its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab in the 4th quarter worth approximately $31,000. Worth Asset Management LLC purchased a new position in Charles Schwab in the 1st quarter worth approximately $32,000. Finally, BluePath Capital Management LLC purchased a new position in Charles Schwab in the 3rd quarter worth approximately $34,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

NYSE:SCHW opened at $73.42 on Monday. The company has a fifty day simple moving average of $68.58 and a two-hundred day simple moving average of $63.19. The company has a market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.88.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SCHW shares. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Citigroup lifted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the transaction, the chairman now owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Insiders sold a total of 308,800 shares of company stock worth $20,823,609 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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.