AA Financial Advisors LLC Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

AA Financial Advisors LLC cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,917 shares of the financial services provider’s stock after selling 381 shares during the period. AA Financial Advisors LLC’s holdings in Charles Schwab were worth $216,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cibc World Market Inc. grew its stake in shares of Charles Schwab by 364.9% in the fourth quarter. Cibc World Market Inc. now owns 212,577 shares of the financial services provider’s stock worth $15,733,000 after acquiring an additional 166,850 shares during the period. Hixon Zuercher LLC grew its position in Charles Schwab by 1.1% in the 4th quarter. Hixon Zuercher LLC now owns 50,001 shares of the financial services provider’s stock worth $3,701,000 after purchasing an additional 567 shares during the period. Crews Bank & Trust purchased a new stake in Charles Schwab during the 4th quarter valued at $83,000. OLD National Bancorp IN lifted its holdings in shares of Charles Schwab by 6.0% during the 4th quarter. OLD National Bancorp IN now owns 13,203 shares of the financial services provider’s stock valued at $977,000 after buying an additional 749 shares during the period. Finally, Busey Bank boosted its stake in shares of Charles Schwab by 1.4% in the 4th quarter. Busey Bank now owns 220,607 shares of the financial services provider’s stock worth $16,327,000 after buying an additional 3,025 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Up 1.9 %

NYSE:SCHW opened at $83.59 on Friday. The company has a market cap of $148.76 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84. 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 $77.89 and a 200-day simple moving average of $71.00.

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 company had revenue of $5.33 billion during 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 firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The company 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 $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.29%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 33.44%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. Truist Financial reiterated a “buy” rating and set a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $84.11.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock worth $4,052,281 in the last ninety days. 6.60% of the stock is owned by company insiders.

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.