Legal Advantage Investments Inc. Sells 500 Shares of The Charles Schwab Co. (NYSE:SCHW)

Legal Advantage Investments Inc. lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,900 shares of the financial services provider’s stock after selling 500 shares during the quarter. Charles Schwab comprises approximately 2.5% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 10th biggest position. Legal Advantage Investments Inc.’s holdings in Charles Schwab were worth $4,729,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its stake in shares of Charles Schwab by 21.1% in the 2nd quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 4,395 shares during the last quarter. AE Wealth Management LLC raised its position in Charles Schwab by 8.1% during the 2nd quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after purchasing an additional 4,081 shares during the last quarter. Pacer Advisors Inc. raised its position in Charles Schwab by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock worth $7,859,000 after purchasing an additional 4,696 shares during the last quarter. ProShare Advisors LLC raised its position in Charles Schwab by 5.2% during the 2nd quarter. ProShare Advisors LLC now owns 303,142 shares of the financial services provider’s stock worth $22,339,000 after purchasing an additional 14,855 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in Charles Schwab by 923.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,990 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 16,232 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several analyst reports. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Truist Financial raised Charles Schwab to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price objective on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $81.41.

Charles Schwab Trading Up 1.4 %

NYSE:SCHW opened at $76.53 on Tuesday. The company has a market cap of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.41 and a beta of 0.99. The stock’s fifty day moving average price is $77.68 and its two-hundred day moving average price is $70.61. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab Announces Dividend

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

About Charles Schwab

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.