Dana Investment Advisors Inc. Sells 446 Shares of The Charles Schwab Co. (NYSE:SCHW)

Dana Investment Advisors Inc. lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,138 shares of the financial services provider’s stock after selling 446 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Charles Schwab were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SCHW. Franklin Resources Inc. raised its stake in shares of Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the period. Veritas Asset Management LLP bought a new position in shares of Charles Schwab in the fourth quarter worth about $185,649,000. Massachusetts Financial Services Co. MA raised its stake in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares during the period. KBC Group NV raised its stake in shares of Charles Schwab by 186.7% in the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock worth $158,236,000 after buying an additional 1,392,255 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Charles Schwab in the third quarter worth about $86,845,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 9,887 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. The trade was a 17.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock worth $40,952,233 in the last ninety days. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Down 1.3 %

Shares of NYSE:SCHW opened at $74.58 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The business’s fifty day simple moving average is $78.50 and its 200-day simple moving average is $73.99. The company has a market capitalization of $135.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business posted $0.68 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.45%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SCHW. Truist Financial increased their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Morgan Stanley increased their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $86.33.

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.