Navalign LLC Sells 579 Shares of The Charles Schwab Co. (NYSE:SCHW)

Navalign LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,657 shares of the financial services provider’s stock after selling 579 shares during the period. Navalign LLC’s holdings in Charles Schwab were worth $733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC grew its holdings in shares of Charles Schwab by 60.0% in 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 last quarter. Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $34,000. Worth Asset Management LLC bought a new stake in Charles Schwab during the 1st quarter worth approximately $32,000. Providence Capital Advisors LLC bought a new position in Charles Schwab in the 3rd quarter valued at $28,000. Finally, CVA Family Office LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth $42,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCHW. Keefe, Bruyette & Woods downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $75.00 to $70.00 in a research report on Thursday, January 18th. Barclays raised their price target on shares of Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and cut their price target for the company from $75.00 to $70.00 in a research note on Wednesday, January 10th. Finally, UBS Group lifted their price objective on Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $71.12.

Charles Schwab Trading Down 0.1 %

NYSE:SCHW traded down $0.04 on Thursday, reaching $72.34. The company’s stock had a trading volume of 6,788,520 shares, compared to its average volume of 7,823,546. The firm has a market cap of $128.29 billion, a PE ratio of 28.53, a PEG ratio of 1.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day moving average price is $65.61 and its two-hundred day moving average price is $61.26. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $72.94.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is 39.37%.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction 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 worth $14,200,769 over the last three months. 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.