Avior Wealth Management LLC Sells 584 Shares of The Charles Schwab Co. (NYSE:SCHW)

Avior Wealth Management LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,788 shares of the financial services provider’s stock after selling 584 shares during the period. Avior Wealth Management LLC’s holdings in Charles Schwab were worth $1,568,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Investment Research & Advisory Group Inc. increased its position in shares of Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares in the last quarter. Bamco Inc. NY increased its holdings in Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Charles Schwab by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Charles Schwab by 6.1% during the 3rd quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider’s stock worth $1,769,000 after purchasing an additional 1,843 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. TD Cowen increased their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Raymond James lowered their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 2.6 %

NYSE SCHW opened at $73.05 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.65. The company has a 50 day moving average of $67.97 and a 200-day moving average of $62.75. The company has a market cap of $129.74 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, equities research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is presently 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the sale, the director now owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab 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 in the company, valued at approximately $41,207,857.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock valued at $14,200,769. 6.60% of the stock is currently 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.