The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,591 shares of the financial services provider’s stock after selling 7,000 shares during the period. Armstrong Henry H Associates Inc.’s holdings in Charles Schwab were worth $784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHW. Marion Wealth Management purchased a new stake in Charles Schwab during the fourth quarter valued at about $206,000. Miracle Mile Advisors LLC raised its holdings in shares of Charles Schwab by 56.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,739 shares of the financial services provider’s stock valued at $3,089,000 after acquiring an additional 15,041 shares during the period. Eastern Bank lifted its position in shares of Charles Schwab by 37.2% in the 4th quarter. Eastern Bank now owns 2,317 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 628 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its stake in Charles Schwab by 0.5% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 76,397 shares of the financial services provider’s stock worth $5,654,000 after purchasing an additional 403 shares during the period. Finally, Elmwood Wealth Management Inc. grew its position in Charles Schwab by 16.1% during the 4th quarter. Elmwood Wealth Management Inc. now owns 17,346 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 2,405 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.2 %

SCHW opened at $72.64 on Tuesday. The firm has a market cap of $129.27 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business has a 50 day moving average price of $77.60 and a 200 day moving average price of $70.59. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Research analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SCHW shares. Wells Fargo & Company increased their target price on Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Raymond James decreased their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,968 shares of company stock worth $8,842,821. Company 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.