The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,050 shares of the financial services provider’s stock after selling 326 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Charles Schwab were worth $3,334,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. MONECO Advisors LLC boosted its holdings in shares of Charles Schwab by 9.0% during the 4th quarter. MONECO Advisors LLC now owns 3,372 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 279 shares during the last quarter. Howard Capital Management Inc. boosted its stake in Charles Schwab by 7.5% during the fourth quarter. Howard Capital Management Inc. now owns 9,081 shares of the financial services provider’s stock worth $672,000 after buying an additional 632 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Charles Schwab by 2.8% in the 4th quarter. Wealthspire Advisors LLC now owns 45,308 shares of the financial services provider’s stock valued at $3,353,000 after buying an additional 1,232 shares in the last quarter. ST. Nicholas Private Asset Management Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter worth $246,000. Finally, Sigma Planning Corp raised its holdings in shares of Charles Schwab by 11.9% during the 4th quarter. Sigma Planning Corp now owns 8,551 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 909 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 490,120 shares of company stock worth $40,127,472. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Morgan Stanley lifted their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Price Performance

Shares of SCHW opened at $80.50 on Friday. The firm has a market capitalization of $143.38 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.99 and a beta of 0.99. The firm’s fifty day simple moving average is $77.98 and its 200-day simple moving average is $73.02. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

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.