The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,695 shares of the financial services provider’s stock after selling 204 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Charles Schwab were worth $530,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCHW. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Hall Laurie J Trustee bought a new position in shares of Charles Schwab during the 4th quarter valued at about $34,000. Worth Asset Management LLC bought a new position in shares of Charles Schwab during the 1st quarter valued at about $32,000. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in shares of Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $72.50 on Thursday. The firm has a market capitalization of $128.76 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a 50 day simple moving average of $68.17 and a 200-day simple moving average of $62.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 3.41 earnings per share 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 paid a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is 41.84%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SCHW shares. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last 90 days. 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.