The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,190 shares of the financial services provider’s stock after selling 12,518 shares during the quarter. Securian Asset Management Inc.’s holdings in Charles Schwab were worth $6,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of Charles Schwab by 3.0% during the 3rd quarter. Allworth Financial LP now owns 18,459 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 537 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Charles Schwab by 7.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 145,137 shares of the financial services provider’s stock worth $7,968,000 after purchasing an additional 10,173 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth $1,458,000. Empirical Finance LLC increased its holdings in shares of Charles Schwab by 11.7% in the 3rd quarter. Empirical Finance LLC now owns 50,095 shares of the financial services provider’s stock valued at $2,750,000 after purchasing an additional 5,245 shares in the last quarter. Finally, WFA of San Diego LLC lifted its stake in shares of Charles Schwab by 134.2% in the third quarter. WFA of San Diego LLC now owns 1,602 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 918 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on SCHW shares. Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Piper Sandler raised their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $74.47.

Read Our Latest Stock Report on Charles Schwab

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 5,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the transaction, the chief financial officer now directly owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the sale, the chairman now directly owns 60,741,536 shares in the company, valued at approximately $4,670,416,703.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 5,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the transaction, the chief financial officer now owns 24,111 shares of the company’s stock, valued at $1,584,333.81. The disclosure for this sale can be found here. Insiders sold a total of 672,036 shares of company stock worth $49,281,565 in the last three months. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Up 0.9 %

SCHW traded up $0.74 during trading on Friday, hitting $78.78. The company had a trading volume of 6,467,194 shares, compared to its average volume of 6,665,524. The company has a market cap of $140.01 billion, a PE ratio of 32.96, a P/E/G ratio of 1.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.22. The business has a 50-day moving average of $72.74 and a 200-day moving average of $66.43.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, analysts forecast that The Charles Schwab Co. will post 3.4 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

About Charles Schwab

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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