Tranquility Partners LLC Sells 1,148 Shares of The Charles Schwab Co. (NYSE:SCHW)

Tranquility Partners LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,494 shares of the financial services provider’s stock after selling 1,148 shares during the quarter. Tranquility Partners LLC’s holdings in Charles Schwab were worth $1,341,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. grew its stake in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after purchasing an additional 607 shares during the period. Bamco Inc. NY grew its stake in Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares during the period. Nisa Investment Advisors LLC grew its stake in Charles Schwab by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after purchasing an additional 166,316 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Charles Schwab by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares during the period. Finally, 180 Wealth Advisors LLC grew its stake in Charles Schwab by 6.1% in the 3rd quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider’s stock valued at $1,769,000 after purchasing an additional 1,843 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW traded down $0.57 during trading on Wednesday, reaching $72.50. 9,667,958 shares of the company were exchanged, compared to its average volume of 7,749,902. The company’s 50-day moving average is $67.97 and its two-hundred day moving average is $62.75. The company has a market cap of $128.76 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.08 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 12-month low of $45.65 and a 12-month high of $73.88.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for 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%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. Research analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. Raymond James reduced their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday. Three 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the transaction, the insider now owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 in the last 90 days. 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.