Martin Capital Advisors LLP Sells 168 Shares of The Charles Schwab Co. (NYSE:SCHW)

Martin Capital Advisors LLP trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,300 shares of the financial services provider’s stock after selling 168 shares during the quarter. Charles Schwab makes up 1.6% of Martin Capital Advisors LLP’s portfolio, making the stock its 18th biggest position. Martin Capital Advisors LLP’s holdings in Charles Schwab were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $1,325,555,000. Morgan Stanley boosted its holdings in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock valued at $446,706,000 after purchasing an additional 5,359,307 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Charles Schwab by 186.2% during the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The disclosure for this sale can be found here. Insiders have sold a total of 312,800 shares of company stock worth $21,081,569 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several recent research reports. Citigroup upped their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Bank of America boosted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. Piper Sandler raised their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Keefe, Bruyette & Woods raised their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Up 0.7 %

Shares of SCHW stock traded up $0.49 during trading hours on Friday, hitting $73.42. 8,216,267 shares of the company were exchanged, compared to its average volume of 7,762,246. The company has a 50 day simple moving average of $68.38 and a two-hundred day simple moving average of $62.89. The firm has a market cap of $130.40 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue was down 18.9% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Co. will post 3.43 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

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.