Stanley Laman Group Ltd. Sells 1,194 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stanley Laman Group Ltd. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,794 shares of the financial services provider’s stock after selling 1,194 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Charles Schwab were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at 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 worth $30,000 after purchasing an additional 165 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the 4th quarter worth about $31,000. BluePath Capital Management LLC acquired a new stake in Charles Schwab during the third quarter worth about $34,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab during the fourth quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 585,057 shares of the company’s stock, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold 389,167 shares of company stock valued at $26,987,035 over the last 90 days. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCHW. TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Piper Sandler increased their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $0.33 during trading on Thursday, reaching $74.86. The company’s stock had a trading volume of 6,374,160 shares, compared to its average volume of 7,758,854. The stock has a 50-day moving average price of $69.47 and a two-hundred day moving average price of $63.68. The stock has a market capitalization of $132.96 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $75.55.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.