U.S. Capital Wealth Advisors LLC Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

U.S. Capital Wealth Advisors LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 18.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,328 shares of the financial services provider’s stock after selling 2,607 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Charles Schwab were worth $838,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $32,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average target price of $84.11.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $81.90 on Wednesday. The company’s fifty day simple moving average is $77.99 and its 200-day simple moving average is $71.36. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.84. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $145.75 billion, a PE ratio of 27.39, a P/E/G ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.32%. Charles Schwab’s payout ratio is 33.44%.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 in the last quarter. 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.