The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lessened by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 375,856 shares of the financial services provider’s stock after selling 542 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Charles Schwab were worth $27,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the third quarter valued at about $25,000. Washington Trust Advisors Inc. lifted its holdings in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the third quarter worth approximately $32,000. Finally, Planning Capital Management Corp bought a new position in Charles Schwab during the third quarter valued at approximately $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several recent research reports. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Bank of America decreased their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Piper Sandler raised their target price on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Cowen raised their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $81.63.

Charles Schwab Trading Up 2.4 %

Shares of SCHW stock opened at $75.40 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The firm’s fifty day simple moving average is $77.58 and its 200 day simple moving average is $70.60. The firm has a market capitalization of $134.19 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.13 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is currently owned by company insiders.

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.