Diversify Advisory Services LLC Has $3.01 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Diversify Advisory Services LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,314 shares of the financial services provider’s stock after selling 983 shares during the quarter. Diversify Advisory Services LLC’s holdings in Charles Schwab were worth $3,006,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab in the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the third quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the third quarter valued at approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SCHW. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Raymond James decreased their price objective on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $81.41.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $76.53 on Monday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.35. The firm’s 50-day moving average price is $77.68 and its two-hundred day moving average price is $70.63. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $136.20 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio is 39.06%.

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.