The Charles Schwab Co. (NYSE:SCHW) Holdings Lessened by Cohen Capital Management Inc.

Cohen Capital Management Inc. trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 228,660 shares of the financial services provider’s stock after selling 160 shares during the period. Charles Schwab comprises 2.8% of Cohen Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Cohen Capital Management Inc.’s holdings in Charles Schwab were worth $16,923,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ST. Nicholas Private Asset Management Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $246,000. Sigma Planning Corp raised its stake in shares of Charles Schwab by 11.9% in the 4th quarter. Sigma Planning Corp now owns 8,551 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 909 shares during the period. SAM Advisors LLC grew its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. SAM Advisors LLC now owns 48,408 shares of the financial services provider’s stock valued at $3,582,000 after purchasing an additional 195 shares in the last quarter. Navellier & Associates Inc. grew its holdings in shares of Charles Schwab by 36.5% in the fourth quarter. Navellier & Associates Inc. now owns 11,055 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Variant Private Wealth LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $774,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 490,120 shares of company stock worth $40,127,472. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup lifted their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Redburn Partners dropped their price objective 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. Finally, Truist Financial lifted their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Down 1.6 %

Shares of NYSE:SCHW opened at $80.50 on Friday. The company has a market capitalization of $143.38 billion, a PE ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a 50 day simple moving average of $77.98 and a 200-day simple moving average of $73.02.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Charles Schwab 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.