The Charles Schwab Co. (NYSE:SCHW) is Legal Advantage Investments Inc.’s 10th Largest Position

Legal Advantage Investments Inc. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,900 shares of the financial services provider’s stock after selling 500 shares during the period. Charles Schwab accounts for approximately 2.5% of Legal Advantage Investments Inc.’s portfolio, making the stock its 10th largest position. Legal Advantage Investments Inc.’s holdings in Charles Schwab were worth $4,729,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the third quarter worth about $31,000. Future Financial Wealth Managment LLC purchased a new stake in Charles Schwab in the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,823 shares of company stock worth $2,171,194. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America lowered their target price 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 lifted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.41.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $76.53 on Tuesday. The company has a market capitalization of $136.20 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.41 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The firm’s 50-day moving average is $77.68 and its 200 day moving average is $70.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab’s payout ratio is 39.06%.

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.