Burns Matteson Capital Management LLC Sells 639 Shares of The Charles Schwab Co. (NYSE:SCHW)

Burns Matteson Capital Management LLC lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,337 shares of the financial services provider’s stock after selling 639 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Charles Schwab were worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 period. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $31,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $33,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock valued at $3,859,731 over the last ninety days. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James cut their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Truist Financial restated a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, UBS Group boosted their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.50.

Charles Schwab Stock Performance

NYSE SCHW opened at $83.18 on Monday. The stock has a market capitalization of $148.04 billion, a PE ratio of 27.82, a P/E/G ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.04. The business has a 50 day simple moving average of $78.00 and a two-hundred day simple moving average of $71.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. On average, research analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.30%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

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.