Trinity Financial Advisors LLC Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

Trinity Financial Advisors LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,815 shares of the financial services provider’s stock after selling 347 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Charles Schwab were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SCHW. Courier Capital LLC raised its position 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 worth $3,133,000 after acquiring an additional 161 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the period. Red Spruce Capital LLC lifted its position in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after purchasing an additional 172 shares in the last quarter. Uncommon Cents Investing LLC grew its holdings in Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after purchasing an additional 175 shares during the period. Finally, Diligent Investors LLC increased its position in Charles Schwab by 3.0% in the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock worth $410,000 after buying an additional 176 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at approximately $1,917,608.36. 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 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 owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SCHW. Citigroup boosted 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. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, 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 note on Friday, April 12th. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Up 1.2 %

Shares of Charles Schwab stock traded up $0.86 during trading hours on Wednesday, hitting $74.81. The company’s stock had a trading volume of 4,993,804 shares, compared to its average volume of 7,657,263. The firm has a fifty day moving average of $70.09 and a 200-day moving average of $64.33. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The stock has a market cap of $132.87 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.09 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.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is presently 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.