Ashburton Jersey Ltd Sells 4,156 Shares of The Charles Schwab Co. (NYSE:SCHW)

Ashburton Jersey Ltd reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 142,846 shares of the financial services provider’s stock after selling 4,156 shares during the quarter. Charles Schwab comprises approximately 4.5% of Ashburton Jersey Ltd’s portfolio, making the stock its 10th largest holding. Ashburton Jersey Ltd’s holdings in Charles Schwab were worth $9,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. raised its stake in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY raised its position in Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after purchasing an additional 152,967 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold 514,459 shares of company stock worth $36,371,155 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock traded up $0.06 during trading hours on Thursday, hitting $74.63. The stock had a trading volume of 2,465,755 shares, compared to its average volume of 7,625,508. The company has a 50-day moving average of $70.30 and a two-hundred day moving average of $64.40. 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 fifty-two week low of $45.65 and a fifty-two week high of $75.55. The company has a market cap of $132.55 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SCHW. Piper Sandler lifted 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. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.47.

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.