Rockefeller Capital Management L.P. Sells 39,865 Shares of The Charles Schwab Co. (NYSE:SCHW)

Rockefeller Capital Management L.P. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,203 shares of the financial services provider’s stock after selling 39,865 shares during the period. Rockefeller Capital Management L.P.’s holdings in Charles Schwab were worth $17,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Providence Wealth Advisors LLC increased its holdings in Charles Schwab by 2.4% during the 3rd quarter. Providence Wealth Advisors LLC now owns 16,807 shares of the financial services provider’s stock worth $1,203,000 after acquiring an additional 400 shares during the period. Financial Counselors Inc. increased its holdings in Charles Schwab by 5.5% during the 3rd quarter. Financial Counselors Inc. now owns 275,976 shares of the financial services provider’s stock worth $17,886,000 after acquiring an additional 14,495 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Charles Schwab by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,142,602 shares of the financial services provider’s stock worth $592,532,000 after buying an additional 331,846 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Charles Schwab by 2.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 259,767 shares of the financial services provider’s stock worth $16,835,000 after buying an additional 6,585 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Charles Schwab by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 541,079 shares of the financial services provider’s stock worth $35,067,000 after buying an additional 20,066 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,968 shares of company stock valued at $9,419,271. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCHW shares. JMP Securities increased their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. Raymond James decreased their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Citigroup decreased their price target on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Piper Sandler increased their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Trading Up 0.2 %

Shares of SCHW opened at $82.76 on Monday. The stock has a market capitalization of $147.28 billion, a P/E ratio of 32.33, a PEG ratio of 1.79 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $69.97. The Charles Schwab Co. has a twelve month low of $59.61 and a twelve month high of $83.35.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s dividend payout ratio is 39.06%.

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.