The Charles Schwab Co. (NYSE:SCHW) Position Decreased by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,931 shares of the financial services provider’s stock after selling 943 shares during the period. Charles Schwab makes up about 2.5% of Twin Lakes Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Twin Lakes Capital Management LLC’s holdings in Charles Schwab were worth $4,532,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. RFG Advisory LLC increased its holdings in Charles Schwab by 7.4% in the second quarter. RFG Advisory LLC now owns 8,806 shares of the financial services provider’s stock valued at $649,000 after buying an additional 610 shares in the last quarter. Diversified Trust Co increased its stake in shares of Charles Schwab by 26.0% in the 2nd quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,595 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Charles Schwab by 2.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,519 shares of the financial services provider’s stock worth $1,144,000 after purchasing an additional 405 shares during the period. Great Valley Advisor Group Inc. boosted its position in Charles Schwab by 7.5% during the second quarter. Great Valley Advisor Group Inc. now owns 25,163 shares of the financial services provider’s stock worth $1,854,000 after purchasing an additional 1,758 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in Charles Schwab by 69.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 7,810 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 3,196 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

NYSE:SCHW opened at $81.50 on Tuesday. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The stock has a market cap of $145.04 billion, a PE ratio of 31.84, a P/E/G ratio of 1.77 and a beta of 0.96. 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 50 day moving average price of $74.41 and a 200 day moving average price of $70.16.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the 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 transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock worth $9,419,271 in the last 90 days. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SCHW. Cowen upped their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Piper Sandler upped their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $78.81.

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.