Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 317,864 shares of the financial services provider’s stock after selling 7,342 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Charles Schwab were worth $23,525,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab during the third quarter valued at about $31,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter valued at approximately $41,000. Knuff & Co LLC grew its holdings in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners bought a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of several research reports. JMP Securities restated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Truist Financial upped their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. UBS Group lifted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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. Finally, Citigroup boosted their target price on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Price Performance

Shares of SCHW stock opened at $78.61 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. 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 stock has a fifty day simple moving average of $78.88 and a two-hundred day simple moving average of $74.63. The stock has a market capitalization of $142.57 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the business earned $0.68 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s payout ratio is 36.12%.

Insiders Place Their Bets

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 value of $745,282.06. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 501,087 shares of company stock worth $40,952,233 over the last 90 days. 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.