D L Carlson Investment Group Inc. Sells 191 Shares of The Charles Schwab Co. (NYSE:SCHW)

D L Carlson Investment Group Inc. lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,386 shares of the financial services provider’s stock after selling 191 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Charles Schwab were worth $2,693,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the fourth quarter worth $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $41,000. Knuff & Co LLC increased its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JMP Securities reissued 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. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Redburn Partners lowered their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Down 2.3 %

SCHW stock opened at $77.79 on Monday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a market capitalization of $141.08 billion, a PE ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $75.45.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.39%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 509,701 shares of company stock valued at $41,641,353 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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.