Haverford Trust Co Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

Haverford Trust Co cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,599 shares of the financial services provider’s stock after selling 3,495 shares during the period. Haverford Trust Co’s holdings in Charles Schwab were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. TAGStone Capital Inc. grew its position in Charles Schwab by 2.2% in the 4th quarter. TAGStone Capital Inc. now owns 6,801 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 146 shares during the period. Congress Wealth Management LLC DE purchased a new position in shares of Charles Schwab in the 4th quarter worth $221,000. Vanguard Group Inc. grew its holdings in shares of Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares during the period. Stevens Capital Management LP purchased a new stake in Charles Schwab during the fourth quarter valued at $877,000. Finally, LPL Financial LLC lifted its holdings in Charles Schwab by 4.6% in the fourth quarter. LPL Financial LLC now owns 1,258,510 shares of the financial services provider’s stock valued at $93,142,000 after acquiring an additional 55,118 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SCHW. Barclays boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Truist Financial increased their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Price Performance

SCHW stock opened at $80.81 on Wednesday. The company has a market capitalization of $146.55 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company’s fifty day moving average price is $79.31 and its 200-day moving average price is $75.11. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s payout ratio is presently 36.12%.

Insider Transactions at Charles Schwab

In other news, 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 transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock valued at $40,952,233 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab 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.