Chapman Investment Management LLC Sells 13,154 Shares of The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 58.9% in the fourth quarter, Holdings Channel reports. The firm owned 9,170 shares of the financial services provider’s stock after selling 13,154 shares during the quarter. Charles Schwab accounts for approximately 0.5% of Chapman Investment Management LLC’s holdings, making the stock its 25th biggest holding. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $679,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 502,859 shares of company stock valued at $41,161,496. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Truist Financial increased their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price objective for the company from $88.00 to $103.00 in a research report on Tuesday. Finally, Morgan Stanley increased their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Up 1.4 %

Shares of SCHW stock opened at $81.49 on Wednesday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 has a market cap of $145.14 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 0.97 and a beta of 0.99. The firm’s 50-day moving average is $77.99 and its 200-day moving average is $72.70.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 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.