Dakota Wealth Management Sells 858 Shares of The Charles Schwab Co. (NYSE:SCHW)

Dakota Wealth Management reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 39,927 shares of the financial services provider’s stock after selling 858 shares during the quarter. Dakota Wealth Management’s holdings in Charles Schwab were worth $2,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Simon Quick Advisors LLC lifted its holdings in shares of Charles Schwab by 2.6% during the fourth quarter. Simon Quick Advisors LLC now owns 8,688 shares of the financial services provider’s stock worth $643,000 after buying an additional 221 shares during the last quarter. Red Spruce Capital LLC raised its stake in Charles Schwab by 7.2% during the 4th quarter. Red Spruce Capital LLC now owns 42,031 shares of the financial services provider’s stock valued at $3,111,000 after purchasing an additional 2,828 shares during the last quarter. Beaumont Financial Advisors LLC bought a new stake in Charles Schwab in the 4th quarter valued at $201,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Charles Schwab in the 4th quarter worth $740,000. Finally, Roberts Wealth Advisors LLC increased its holdings in shares of Charles Schwab by 1.3% during the 4th quarter. Roberts Wealth Advisors LLC now owns 23,359 shares of the financial services provider’s stock worth $1,721,000 after purchasing an additional 309 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of SCHW stock opened at $80.44 on Thursday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The stock has a market capitalization of $143.15 billion, a PE ratio of 26.90, a PEG ratio of 1.48 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 stock’s fifty day moving average is $77.71 and its 200-day moving average is $70.68.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping 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 firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 19.5% on a year-over-year basis. Equities research analysts expect that The Charles Schwab Co. will post 4.04 EPS for the current fiscal year.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SCHW. Barclays lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. 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 research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $83.83.

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.