Lincoln National Corp Has $1.25 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Lincoln National Corp decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,224 shares of the financial services provider’s stock after selling 2,259 shares during the period. Lincoln National Corp’s holdings in Charles Schwab were worth $1,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fielder Capital Group LLC bought a new stake in Charles Schwab in the fourth quarter valued at $215,000. Maryland State Retirement & Pension System increased its position in shares of Charles Schwab by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 115,386 shares of the financial services provider’s stock worth $7,939,000 after acquiring an additional 1,228 shares in the last quarter. Spire Wealth Management increased its position in shares of Charles Schwab by 11.5% during the fourth quarter. Spire Wealth Management now owns 19,601 shares of the financial services provider’s stock worth $1,250,000 after acquiring an additional 2,016 shares in the last quarter. W.H. Cornerstone Investments Inc. bought a new stake in shares of Charles Schwab during the fourth quarter worth about $287,000. Finally, Clearstead Trust LLC increased its position in shares of Charles Schwab by 496.6% during the fourth quarter. Clearstead Trust LLC now owns 5,519 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 4,594 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SCHW. Piper Sandler boosted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Raymond James decreased their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. JMP Securities reissued a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, TD Cowen upped their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.47.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 65,790 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the completion of the sale, the chairman now owns 60,906,686 shares in the company, valued at $4,653,270,810.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 659,587 shares of company stock worth $47,399,731. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Up 1.1 %

SCHW opened at $76.40 on Thursday. 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 has a market cap of $135.68 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $46.55 and a twelve month high of $77.05. The company’s 50-day moving average price is $71.20 and its two-hundred day moving average price is $65.15.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. As a group, equities analysts expect that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

Charles Schwab 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.