Apollon Wealth Management LLC Sells 2,484 Shares of The Charles Schwab Co. (NYSE:SCHW)

Apollon Wealth Management LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,734 shares of the financial services provider’s stock after selling 2,484 shares during the period. Apollon Wealth Management LLC’s holdings in Charles Schwab were worth $2,645,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. lifted its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at $31,000. Planning Capital Management Corp bought a new stake in Charles Schwab in the third quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Charles Schwab during the third quarter worth $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Charles Schwab stock opened at $83.18 on Monday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.04. The company’s 50-day moving average is $78.00 and its two-hundred day moving average is $71.83. 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 $148.04 billion, a PE ratio of 27.82, a PEG ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (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 firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts anticipate that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. Charles Schwab’s payout ratio is 33.44%.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,514 shares of company stock valued at $3,859,731. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price target on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $84.50.

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.