Metis Global Partners LLC Sells 4,138 Shares of The Charles Schwab Co. (NYSE:SCHW)

Metis Global Partners LLC lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,878 shares of the financial services provider’s stock after selling 4,138 shares during the period. Metis Global Partners LLC’s holdings in Charles Schwab were worth $4,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab in the third quarter worth $28,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. BluePath Capital Management LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $34,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab during the fourth quarter worth $34,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded up $0.82 on Monday, reaching $76.86. 4,855,917 shares of the company were exchanged, compared to its average volume of 7,605,207. The company has a market cap of $136.51 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.11 and a beta of 0.98. The business has a 50-day moving average price of $70.75 and a 200 day moving average price of $64.80. 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 Charles Schwab Co. has a 1 year low of $46.55 and a 1 year high of $76.93.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the completion of the sale, the chairman now owns 61,038,701 shares of the company’s stock, valued at approximately $4,564,474,060.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 59,905 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $74.96, for a total value of $4,490,478.80. Following the transaction, the chairman now directly owns 61,098,607 shares in the company, valued at approximately $4,579,951,580.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the completion of the transaction, the chairman now owns 61,038,701 shares in the company, valued at $4,564,474,060.78. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler boosted their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.47.

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.