Alpha Cubed Investments LLC Sells 182 Shares of The Charles Schwab Co. (NYSE:SCHW)

Alpha Cubed Investments LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,843 shares of the financial services provider’s stock after selling 182 shares during the period. Alpha Cubed Investments LLC’s holdings in Charles Schwab were worth $1,617,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $25,000. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth approximately $32,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Raymond James dropped their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. The Goldman Sachs Group increased their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.41.

Get Our Latest Report on SCHW

Charles Schwab Trading Up 1.4 %

Shares of NYSE:SCHW opened at $76.53 on Tuesday. 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 company has a market capitalization of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.41 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35. The business’s fifty day simple moving average is $77.65 and its 200-day simple moving average is $70.62.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Insider Activity

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,823 shares of company stock worth $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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