Blue Whale Capital LLP Sells 17,262 Shares of The Charles Schwab Co. (NYSE:SCHW)

Blue Whale Capital LLP cut its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,724 shares of the financial services provider's stock after selling 17,262 shares during the quarter. Charles Schwab accounts for approximately 1.2% of Blue Whale Capital LLP's holdings, making the stock its 19th largest position. Blue Whale Capital LLP's holdings in Charles Schwab were worth $16,558,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHW. Invesco Ltd. lifted its stake in Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock valued at $1,098,497,000 after acquiring an additional 430,250 shares during the period. FMR LLC lifted its position in Charles Schwab by 69.4% during the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after purchasing an additional 3,974,940 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in Charles Schwab by 213.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,606 shares of the financial services provider's stock worth $119,000 after purchasing an additional 1,094 shares during the last quarter. Titleist Asset Management LLC grew its position in Charles Schwab by 13.7% in the 4th quarter. Titleist Asset Management LLC now owns 9,885 shares of the financial services provider's stock worth $732,000 after purchasing an additional 1,191 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co raised its stake in Charles Schwab by 76.4% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 186,971 shares of the financial services provider's stock valued at $13,838,000 after buying an additional 81,000 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler reduced their price objective on Charles Schwab from $78.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday. Truist Financial reduced their price target on shares of Charles Schwab from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Finally, TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.33.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was 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 represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 over the last three months. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $3.12 on Friday, reaching $76.97. The company's stock had a trading volume of 14,847,290 shares, compared to its average volume of 9,284,845. The company has a 50-day simple moving average of $77.77 and a 200 day simple moving average of $76.14. 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 company has a market cap of $139.59 billion, a P/E ratio of 25.74, 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.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. 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 dividend on an annualized basis and a yield of 1.40%. Charles Schwab's dividend payout ratio (DPR) is currently 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.