Rovin Capital UT ADV Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Rovin Capital UT ADV lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 20.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,290 shares of the financial services provider’s stock after selling 1,319 shares during the period. Rovin Capital UT ADV’s holdings in Charles Schwab were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. One Capital Management LLC purchased a new position in shares of Charles Schwab in the 2nd quarter worth about $667,000. WealthPLAN Partners LLC raised its holdings in Charles Schwab by 12.8% in the second quarter. WealthPLAN Partners LLC now owns 8,401 shares of the financial services provider’s stock worth $619,000 after buying an additional 953 shares during the last quarter. Sargent Investment Group LLC bought a new position in shares of Charles Schwab in the second quarter worth approximately $260,000. Plancorp LLC grew its holdings in shares of Charles Schwab by 6.3% during the second quarter. Plancorp LLC now owns 3,108 shares of the financial services provider’s stock valued at $229,000 after buying an additional 184 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Charles Schwab by 311.8% during the second quarter. Virtu Financial LLC now owns 17,858 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 13,521 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SCHW. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Truist Financial upgraded Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.63.

Charles Schwab Stock Performance

Shares of SCHW opened at $73.75 on Thursday. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $131.25 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.19 and a beta of 0.99. The business has a 50-day simple moving average of $77.62 and a two-hundred day simple moving average of $70.58.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. On average, analysts expect that The Charles Schwab Co. will post 3.13 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Buying and Selling

In other news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,823 shares of company stock valued at $2,171,194. Company insiders own 6.60% of the company’s stock.

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.