Live Oak Private Wealth LLC Sells 3,170 Shares of The Charles Schwab Co. (NYSE:SCHW)

Live Oak Private Wealth LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,092 shares of the financial services provider’s stock after selling 3,170 shares during the quarter. Charles Schwab accounts for approximately 2.7% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 6th largest position. Live Oak Private Wealth LLC’s holdings in Charles Schwab were worth $16,289,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SCHW. Capital Performance Advisors LLP bought a new position in Charles Schwab in the third quarter valued at about $25,000. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC bought a new position in Charles Schwab in the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab during the 3rd quarter worth approximately $32,000. Finally, Planning Capital Management Corp acquired a new position in Charles Schwab in the 3rd quarter valued at approximately $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,014 shares of company stock worth $4,052,281. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 2.1 %

Shares of Charles Schwab stock opened at $83.62 on Friday. The stock has a market capitalization of $148.81 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.94. The stock has a 50 day moving average price of $77.97 and a two-hundred day moving average price of $71.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the firm posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.44%.

Analyst Ratings Changes

Several brokerages recently weighed in on SCHW. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley upped their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday. Piper Sandler raised their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.