Martin Capital Advisors LLP Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Martin Capital Advisors LLP trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,300 shares of the financial services provider’s stock after selling 168 shares during the quarter. Charles Schwab comprises 1.6% of Martin Capital Advisors LLP’s holdings, making the stock its 18th largest position. Martin Capital Advisors LLP’s holdings in Charles Schwab were worth $1,947,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the third quarter worth about $28,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Charles Schwab in the 1st quarter valued at $32,000. BluePath Capital Management LLC purchased a new stake in Charles Schwab during the third quarter worth $34,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.7 %

Shares of NYSE SCHW traded up $0.49 during trading on Friday, hitting $73.42. 8,216,267 shares of the company traded hands, compared to its average volume of 7,762,246. The company has a 50-day moving average price of $68.38 and a 200-day moving average price of $62.89. The firm has a market capitalization of $130.40 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.06 and a beta of 1.01. 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 Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $73.88.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 3.43 EPS for the current year.

Charles Schwab Dividend Announcement

The company 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. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SCHW. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Raymond James cut their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.47.

Insider Activity at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,800 shares of company stock valued at $21,081,569. Corporate 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.