Kozak & Associates Inc. Sells 1,265 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kozak & Associates Inc. decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,883 shares of the financial services provider’s stock after selling 1,265 shares during the quarter. Charles Schwab makes up about 0.6% of Kozak & Associates Inc.’s investment portfolio, making the stock its 15th biggest holding. Kozak & Associates Inc.’s holdings in Charles Schwab were worth $2,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Brighton Jones LLC boosted its holdings in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares during the period. Golden State Wealth Management LLC bought a new position in Charles Schwab in the 4th quarter valued at approximately $62,000. Kingsview Wealth Management LLC lifted its stake in Charles Schwab by 89.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 12,786 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 6,039 shares during the last quarter. Empowered Funds LLC increased its position in Charles Schwab by 114.8% in the 4th quarter. Empowered Funds LLC now owns 49,073 shares of the financial services provider’s stock valued at $3,632,000 after acquiring an additional 26,231 shares during the period. Finally, Stephens Inc. AR increased its position in Charles Schwab by 5.3% in the 4th quarter. Stephens Inc. AR now owns 35,072 shares of the financial services provider’s stock valued at $2,596,000 after acquiring an additional 1,774 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. UBS Group raised their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Piper Sandler raised their price objective on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the transaction, the insider now owns 39,154 shares of the company’s stock, valued at $3,433,022.72. The trade was a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,608 shares of company stock worth $8,392,040. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 0.1%

SCHW stock opened at $88.27 on Wednesday. The company’s 50 day moving average is $82.20 and its two-hundred day moving average is $79.73. The stock has a market cap of $160.39 billion, a P/E ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the firm posted $0.74 EPS. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

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.