Moors & Cabot Inc. Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Moors & Cabot Inc. decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,396 shares of the financial services provider’s stock after selling 1,636 shares during the period. Moors & Cabot Inc.’s holdings in Charles Schwab were worth $1,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth $31,000. Planning Capital Management Corp purchased a new stake in Charles Schwab during the 3rd quarter worth $33,000. Peterson Financial Group Inc. purchased a new stake in Charles Schwab during the 3rd quarter worth $35,000. Financial Life Planners purchased a new stake in Charles Schwab during the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock valued at $40,952,233 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. UBS Group lifted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Two equities research 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, the stock has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Trading Up 2.5 %

NYSE SCHW opened at $74.29 on Thursday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a 50-day simple moving average of $78.42 and a 200-day simple moving average of $74.16. 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 firm has a market capitalization of $134.72 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results 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. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

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.