Apollon Wealth Management LLC Sells 2,484 Shares of The Charles Schwab Co. (NYSE:SCHW)

Apollon Wealth Management LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 35,734 shares of the financial services provider’s stock after selling 2,484 shares during the quarter. Apollon Wealth Management LLC’s holdings in Charles Schwab were worth $2,645,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westbourne Investment Advisors Inc. grew its holdings in shares of Charles Schwab by 1.7% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 123,731 shares of the financial services provider’s stock valued at $9,157,000 after acquiring an additional 2,042 shares in the last quarter. Mezzasalma Advisors LLC boosted its position in Charles Schwab by 1.1% during the fourth quarter. Mezzasalma Advisors LLC now owns 84,439 shares of the financial services provider’s stock valued at $6,249,000 after purchasing an additional 890 shares during the last quarter. Vest Financial LLC grew its stake in Charles Schwab by 24.3% in the fourth quarter. Vest Financial LLC now owns 8,556 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,672 shares in the last quarter. BayBridge Capital Group LLC increased its position in shares of Charles Schwab by 1.6% during the 4th quarter. BayBridge Capital Group LLC now owns 19,541 shares of the financial services provider’s stock worth $1,446,000 after purchasing an additional 309 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Charles Schwab by 3.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 7,378 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SCHW shares. The Goldman Sachs Group raised their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Raymond James cut their target price on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Truist Financial restated a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.50.

Charles Schwab Trading Down 0.5 %

Shares of Charles Schwab stock opened at $83.18 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a 50-day moving average of $78.00 and a 200-day moving average of $71.83. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.04. The stock has a market cap of $148.04 billion, a PE ratio of 27.82, a PEG ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Insider Buying and Selling at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the business’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 transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,514 shares of company stock valued at $3,859,731 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab 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.