Westover Capital Advisors LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Westover Capital Advisors LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,189 shares of the financial services provider’s stock after selling 2,552 shares during the period. Charles Schwab makes up approximately 1.9% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position. Westover Capital Advisors LLC’s holdings in Charles Schwab were worth $5,930,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. grew its holdings in Charles Schwab by 19.6% during the fourth quarter. Natixis Advisors L.P. now owns 926,717 shares of the financial services provider’s stock worth $63,757,000 after acquiring an additional 151,976 shares during the period. First Horizon Advisors Inc. boosted its stake in Charles Schwab by 9.2% in the 4th quarter. First Horizon Advisors Inc. now owns 3,243 shares of the financial services provider’s stock worth $223,000 after buying an additional 274 shares during the last quarter. Coombe Bender & Co LLC grew its holdings in Charles Schwab by 5.1% in the fourth quarter. Coombe Bender & Co LLC now owns 43,623 shares of the financial services provider’s stock valued at $3,001,000 after purchasing an additional 2,134 shares during the period. Fisher Asset Management LLC boosted its holdings in Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after acquiring an additional 296,317 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its stake in shares of Charles Schwab by 12.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,412 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 698 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total value of $361,405.00. Following the transaction, the chief financial officer now directly owns 24,111 shares in the company, valued at $1,584,333.81. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.0 %

SCHW traded up $0.71 during trading on Thursday, reaching $75.28. 3,862,360 shares of the stock were exchanged, compared to its average volume of 7,639,835. The stock has a market cap of $133.70 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98. The stock’s 50 day moving average price is $70.30 and its two-hundred day moving average price is $64.40. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SCHW shares. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TD Cowen lifted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler boosted their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.47.

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.