Compass Wealth Management LLC Sells 1,598 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Compass Wealth Management LLC lowered its position in The Charles Schwab Corporation (NYSE:SCHW) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,267 shares of the financial services provider’s stock after selling 1,598 shares during the period. Compass Wealth Management LLC’s holdings in Charles Schwab were worth $2,682,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in Charles Schwab during the 4th quarter worth about $1,455,000. Banco Santander S.A. increased its holdings in Charles Schwab by 49.6% during the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock worth $1,208,000 after purchasing an additional 5,413 shares in the last quarter. Graham Capital Management L.P. increased its holdings in Charles Schwab by 248.3% during the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock worth $8,317,000 after purchasing an additional 80,112 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Charles Schwab by 17.2% during the 1st quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider’s stock worth $15,631,000 after purchasing an additional 29,255 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Charles Schwab by 14.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider’s stock worth $45,741,000 after purchasing an additional 76,954 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider owned 15,219 shares of the company’s stock, valued at approximately $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCHW. Piper Sandler increased their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Cowen reiterated a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, April 25th. Finally, Morgan Stanley raised their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.40.

Charles Schwab Trading Down 0.2%

Shares of SCHW stock opened at $91.20 on Friday. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $92.15. The firm has a 50 day moving average price of $87.44 and a two-hundred day moving average price of $80.83. The company has a market capitalization of $165.71 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the firm earned $0.74 earnings per share. As a group, analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

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.