The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Sterling Investment Management LLC

Sterling Investment Management LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,450 shares of the financial services provider’s stock after selling 14,433 shares during the quarter. Charles Schwab makes up about 1.6% of Sterling Investment Management LLC’s holdings, making the stock its 20th largest position. Sterling Investment Management LLC’s holdings in Charles Schwab were worth $2,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $34,000. Worth Asset Management LLC bought a new stake in Charles Schwab during the 1st quarter valued at $32,000. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab during the 3rd quarter valued at $28,000. Finally, CVA Family Office LLC acquired a new position in shares of Charles Schwab in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Redburn Atlantic assumed coverage on Charles Schwab in a research report on Friday, December 1st. They set a “sell” rating and a $52.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $77.00 price target on shares of Charles Schwab in a research report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Barclays boosted their price target on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.12.

Charles Schwab Stock Performance

SCHW stock opened at $72.41 on Thursday. The business’s fifty day moving average is $65.43 and its 200-day moving average is $61.18. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $128.42 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $72.94.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the completion of the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,584 shares of company stock worth $14,200,769. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

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.