GS Investments Inc. Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

GS Investments Inc. trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,103 shares of the financial services provider’s stock after selling 1,331 shares during the period. Charles Schwab comprises about 1.9% of GS Investments Inc.’s investment portfolio, making the stock its 22nd biggest position. GS Investments Inc.’s holdings in Charles Schwab were worth $4,152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHW. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $31,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter valued at $41,000. Knuff & Co LLC grew its stake in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at about $46,000. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. 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 report on Wednesday, January 22nd. Piper Sandler upped their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given 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.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on 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 transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock worth $40,952,233 over the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 1.5 %

Shares of NYSE:SCHW opened at $78.72 on Thursday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $142.76 billion, a P/E ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 0.98. The business’s 50-day moving average is $78.76 and its 200 day moving average is $74.60.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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 firm had revenue of $5.33 billion for 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 business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. On average, research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) 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.