SVB Wealth LLC Has $8.46 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

SVB Wealth LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,959 shares of the financial services provider’s stock after selling 16,014 shares during the period. SVB Wealth LLC’s holdings in Charles Schwab were worth $8,460,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in shares of Charles Schwab by 7.5% during the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 1,452 shares during the period. Moors & Cabot Inc. raised its stake in Charles Schwab by 4.3% during the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after buying an additional 259 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Charles Schwab by 25.4% during the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 2,648 shares during the last quarter. Brighton Jones LLC raised its stake in Charles Schwab by 7.5% during the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock worth $321,000 after buying an additional 267 shares during the last quarter. Finally, Covestor Ltd raised its stake in Charles Schwab by 16.6% during the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 in the last ninety days. 6.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Bank of America lifted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Up 2.6 %

NYSE SCHW opened at $73.05 on Wednesday. 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 stock’s 50-day simple moving average is $67.97 and its two-hundred day simple moving average is $62.75. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $73.65. The company has a market capitalization 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 issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 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 business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 3.4 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.