Coordinated Financial Services Inc. Acquires New Shares in The Charles Schwab Co. (NYSE:SCHW)

Coordinated Financial Services Inc. bought a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,844 shares of the financial services provider's stock, valued at approximately $284,000.

A number of other large investors have also recently added to or reduced their stakes in SCHW. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Charles Schwab during the fourth quarter worth approximately $189,791,000. Veritas Asset Management LLP acquired a new position in shares of Charles Schwab during the fourth quarter worth approximately $185,649,000. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock valued at $1,858,706,000 after acquiring an additional 1,711,312 shares during the period. Finally, KBC Group NV grew its stake in shares of Charles Schwab by 186.7% in the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider's stock worth $158,236,000 after acquiring an additional 1,392,255 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SCHW shares. Redburn Partners cut their target price on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Morgan Stanley lifted their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Truist Financial boosted their price target on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Price Performance

Charles Schwab stock traded up $1.82 on Wednesday, reaching $74.29. The company's stock had a trading volume of 11,310,499 shares, compared to its average volume of 12,262,797. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market cap of $134.72 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.99 and a beta of 0.98. 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 business's fifty day moving average price is $78.42 and its 200 day moving average price is $74.16.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company's revenue was up 19.5% on a year-over-year basis. Equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is 36.12%.

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.