Desjardins Global Asset Management Inc. Sells 204 Shares of The Charles Schwab Co. (NYSE:SCHW)

Desjardins Global Asset Management Inc. lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,695 shares of the financial services provider’s stock after selling 204 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Charles Schwab were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Alliance boosted its holdings in Charles Schwab by 0.9% in the fourth quarter. Wealth Alliance now owns 20,103 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 176 shares in the last quarter. Main Street Research LLC boosted its holdings in Charles Schwab by 0.5% in the fourth quarter. Main Street Research LLC now owns 370,913 shares of the financial services provider’s stock worth $25,519,000 after acquiring an additional 1,925 shares in the last quarter. Octavia Wealth Advisors LLC boosted its holdings in Charles Schwab by 4.8% in the fourth quarter. Octavia Wealth Advisors LLC now owns 5,978 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 274 shares in the last quarter. Marietta Wealth Management LLC raised its stake in shares of Charles Schwab by 1.6% in the fourth quarter. Marietta Wealth Management LLC now owns 49,143 shares of the financial services provider’s stock worth $3,381,000 after purchasing an additional 795 shares during the last quarter. Finally, United Asset Strategies Inc. raised its stake in shares of Charles Schwab by 0.6% in the fourth quarter. United Asset Strategies Inc. now owns 188,373 shares of the financial services provider’s stock worth $12,960,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,584 shares of company stock valued at $14,200,769. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $72.50 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50 day moving average price is $68.17 and its 200-day moving average price is $62.82. The firm has a market capitalization of $128.76 billion, a PE ratio of 30.33, a P/E/G ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $73.88.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 41.84%.

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.