Mine & Arao Wealth Creation & Management LLC. Sells 194 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mine & Arao Wealth Creation & Management LLC. lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,183 shares of the financial services provider’s stock after selling 194 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Charles Schwab were worth $81,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Cannell & Co. raised its position in Charles Schwab by 5.4% in the 4th quarter. Cannell & Co. now owns 7,831 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 400 shares during the last quarter. LCM Capital Management Inc acquired a new stake in Charles Schwab during the 4th quarter worth $238,000. Mach 1 Financial Group LLC grew its holdings in Charles Schwab by 17.5% during the 4th quarter. Mach 1 Financial Group LLC now owns 33,358 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 4,972 shares during the period. Savant Capital LLC grew its holdings in Charles Schwab by 114.6% during the 4th quarter. Savant Capital LLC now owns 18,385 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 9,817 shares during the period. Finally, MONECO Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter worth $241,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.2 %

NYSE SCHW traded up $0.17 on Wednesday, reaching $74.12. The company had a trading volume of 3,141,186 shares, compared to its average volume of 7,635,161. The firm has a market capitalization of $131.64 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55. The company’s fifty day moving average is $70.09 and its 200-day moving average is $64.33.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is presently 41.84%.

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, the chairman now directly owns 61,192,538 shares of the company’s stock, valued at approximately $3,953,037,954.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 58,500 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the chairman now directly owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,459 shares of company stock valued at $36,371,155. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SCHW. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Morgan Stanley lifted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. TD Cowen boosted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Piper Sandler boosted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.47.

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.