The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,864 shares of the financial services provider’s stock after selling 7,342 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Charles Schwab were worth $23,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at about $31,000. Atala Financial Inc purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC increased its holdings 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 worth $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new position in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.1 %

SCHW stock opened at $78.61 on Friday. The business’s 50-day moving average is $78.88 and its 200 day moving average is $74.63. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The stock has a market cap of $142.57 billion, a price-to-earnings ratio of 26.29, a PEG 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 issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.37%. 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 dividend payout ratio is 36.12%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SCHW shares. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays raised their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $86.33.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by insiders.

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.