Advisory Services Network LLC Has $3.79 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Advisory Services Network LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,140 shares of the financial services provider’s stock after selling 15,051 shares during the period. Advisory Services Network LLC’s holdings in Charles Schwab were worth $3,794,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares during the period. Fisher Asset Management LLC grew its stake in Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after acquiring an additional 296,317 shares during the period. Invesco Ltd. grew its stake in Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after acquiring an additional 502,304 shares during the period. Northern Trust Corp grew its stake in Charles Schwab by 2.3% in the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after acquiring an additional 356,112 shares during the period. Finally, Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $950,192,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity

In other news, CFO Peter B. Crawford sold 5,500 shares of Charles Schwab stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total value of $361,405.00. Following the completion of the transaction, the chief financial officer now directly owns 24,111 shares in the company, valued at $1,584,333.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Peter B. Crawford sold 5,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the transaction, the chief financial officer now directly owns 24,111 shares in the company, valued at $1,584,333.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the transaction, 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. Over the last three months, insiders sold 622,536 shares of company stock worth $46,208,155. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.07 during mid-day trading on Friday, hitting $72.27. The stock had a trading volume of 6,152,159 shares, compared to its average volume of 7,044,615. The firm has a market cap of $128.44 billion, a P/E ratio of 30.24, a PEG ratio of 1.06 and a beta of 0.98. The business has a fifty day moving average price of $73.61 and a 200-day moving average price of $67.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. On average, equities research analysts expect that The Charles Schwab Co. will post 3.31 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is presently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. UBS Group lifted their target price on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler lifted their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Finally, TD Cowen cut their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $75.12.

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.