AIA Group Ltd Takes $274,000 Position in The Charles Schwab Co. (NYSE:SCHW)

AIA Group Ltd acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,696 shares of the financial services provider's stock, valued at approximately $274,000.

Several other institutional investors have also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. Knuff & Co LLC boosted its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Charles Schwab during the 4th quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Barclays upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Truist Financial decreased their price target on shares of Charles Schwab from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.94.

Charles Schwab Stock Down 7.7 %

Shares of NYSE:SCHW traded down $5.80 during mid-day trading on Friday, hitting $69.07. 25,464,103 shares of the company traded hands, compared to its average volume of 9,026,468. The firm has a market cap of $125.26 billion, a P/E ratio of 23.10, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm's 50 day simple moving average is $79.09 and its 200 day simple moving average is $75.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results 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. The business had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is currently owned by insiders.

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.