The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Webster Bank N. A.

Webster Bank N. A. cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the first quarter, HoldingsChannel reports. The fund owned 42,099 shares of the financial services provider’s stock after selling 563 shares during the period. Webster Bank N. A.’s holdings in Charles Schwab were worth $3,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of SCHW. Acadian Asset Management LLC raised its stake in shares of Charles Schwab by 65.3% during the 3rd quarter. Acadian Asset Management LLC now owns 19,006 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 7,505 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Charles Schwab by 34.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,161 shares of the financial services provider’s stock worth $2,589,000 after buying an additional 12,197 shares during the period. MQS Management LLC purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $214,000. Synovus Financial Corp increased its position in shares of Charles Schwab by 9.5% during the third quarter. Synovus Financial Corp now owns 53,529 shares of the financial services provider’s stock worth $2,939,000 after purchasing an additional 4,641 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Charles Schwab during the third quarter worth approximately $17,261,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 658,663 shares of company stock valued at $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. UBS Group boosted their price target on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.56.

Charles Schwab Trading Up 0.2 %

Shares of Charles Schwab stock traded up $0.13 during trading hours on Friday, hitting $73.69. The company’s stock had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The firm has a fifty day moving average of $74.42 and a 200-day moving average of $69.78. The stock has a market cap of $130.97 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Research analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

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.