Sonen Capital LLC Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Sonen Capital LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 12.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,690 shares of the financial services provider’s stock after selling 1,247 shares during the period. Sonen Capital LLC’s holdings in Charles Schwab were worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Courier Capital LLC raised its stake in Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in shares of 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 purchasing an additional 165 shares during the last quarter. Red Spruce Capital LLC boosted its stake in Charles Schwab by 0.4% in the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Charles Schwab by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 175 shares during the last quarter. Finally, Diligent Investors LLC increased its stake in Charles Schwab by 3.0% during the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Piper Sandler increased their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $74.99 on Friday. The firm has a market cap of $133.19 billion, a PE ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. The business has a 50-day moving average price of $69.68 and a 200 day moving average price of $63.92. 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 Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock worth $27,400,905 in the last 90 days. Insiders own 6.60% of the company’s stock.

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.