Amalgamated Bank Sells 7,023 Shares of The Charles Schwab Co. (NYSE:SCHW)

Amalgamated Bank reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,364 shares of the financial services provider’s stock after selling 7,023 shares during the quarter. Amalgamated Bank’s holdings in Charles Schwab were worth $21,342,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.33.

Charles Schwab Trading Down 0.4 %

SCHW stock opened at $80.16 on Tuesday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two 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 firm has a fifty day moving average price of $78.03 and a 200 day moving average price of $73.22. The firm has a market cap of $142.78 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal 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 issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Insider Buying and Selling

In other news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents 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 through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock worth $39,938,849 in the last three months. 6.60% of the stock is owned by insiders.

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.