Navalign LLC Has $733,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Navalign LLC trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,657 shares of the financial services provider’s stock after selling 579 shares during the quarter. Navalign LLC’s holdings in Charles Schwab were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab in the third quarter valued at $28,000. Sugarloaf Wealth Management LLC boosted its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth approximately $32,000. BluePath Capital Management LLC bought a new position in shares of Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 in the last ninety days. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a report on Friday, March 22nd. Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $75.00 to $70.00 in a research report on Wednesday, January 10th. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. JMP Securities reissued a “market outperform” rating and set a $77.00 price objective on shares of Charles Schwab in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $75.00 to $70.00 in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $71.12.

Charles Schwab Trading Down 0.1 %

NYSE SCHW traded down $0.04 during trading on Thursday, hitting $72.34. 6,788,520 shares of the company’s stock traded hands, compared to its average volume of 7,823,546. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a fifty day moving average of $65.61 and a two-hundred day moving average of $61.26. The firm has a market cap of $128.29 billion, a P/E ratio of 28.53, a PEG ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $72.94.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s payout ratio is 39.37%.

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.