Mraz Amerine & Associates Inc. Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Mraz Amerine & Associates Inc. decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,856 shares of the financial services provider’s stock after selling 7,065 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Charles Schwab were worth $2,742,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Charles Schwab during the fourth quarter valued at $1,325,555,000. Morgan Stanley raised its holdings in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Charles Schwab by 91,051.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after buying an additional 5,359,307 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after acquiring an additional 4,624,302 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 over the last quarter. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Raymond James dropped their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Down 0.8 %

Shares of SCHW stock traded down $0.57 during mid-day trading on Wednesday, reaching $72.50. The stock had a trading volume of 9,667,958 shares, compared to its average volume of 7,749,902. The stock’s 50-day moving average price is $67.97 and its two-hundred day moving average price is $62.75. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88. The firm has a market capitalization of $128.76 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

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.