Catalyst Financial Partners LLC Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Catalyst Financial Partners LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,693 shares of the financial services provider’s stock after selling 2,060 shares during the period. Catalyst Financial Partners LLC’s holdings in Charles Schwab were worth $873,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SCHW. Investment Research & Advisory Group Inc. boosted its stake in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY raised its stake in Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Retirement Systems of Alabama lifted its position in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after acquiring an additional 152,967 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after purchasing an additional 166,316 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares during the period. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Barclays boosted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Performance

SCHW stock traded down $0.71 during trading on Thursday, hitting $75.44. The company had a trading volume of 5,788,372 shares, compared to its average volume of 7,558,584. The firm has a 50-day moving average price of $71.42 and a 200-day moving average price of $65.23. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $133.99 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a 1-year low of $46.55 and a 1-year high of $77.05.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. On average, analysts expect that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, 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. Insiders have sold 659,587 shares of company stock valued at $47,399,731 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

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.