Avantax Planning Partners Inc. Has $352,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Avantax Planning Partners Inc. cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 7.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,123 shares of the financial services provider’s stock after selling 401 shares during the period. Avantax Planning Partners Inc.’s holdings in Charles Schwab were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SCHW. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $950,192,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after purchasing an additional 6,195,934 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Charles Schwab by 186.2% during the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after buying an additional 4,624,302 shares during the period. Boston Partners raised its position in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after buying an additional 3,602,830 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Charles Schwab by 134.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock valued at $290,986,000 after acquiring an additional 3,038,517 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $0.07 on Friday, reaching $72.27. 6,152,159 shares of the stock were exchanged, compared to its average volume of 7,044,615. The firm’s 50 day moving average is $73.61 and its 200-day moving average is $67.16. The firm has a market cap of $128.44 billion, a PE ratio of 30.24, a P/E/G ratio of 1.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, analysts anticipate that The Charles Schwab Co. will post 3.37 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. TD Cowen cut their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a report on Thursday. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Morgan Stanley raised their price objective 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, Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $75.12.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. Insiders sold a total of 622,536 shares of company stock worth $46,208,155 in the last three months. 6.60% of the stock is owned by corporate insiders.

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.