Bryn Mawr Capital Management LLC Acquires Shares of 21,387 The Charles Schwab Co. (NYSE:SCHW)

Bryn Mawr Capital Management LLC acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,387 shares of the financial services provider's stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. grew its holdings in shares of Charles Schwab by 32.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,010 shares of the financial services provider's stock worth $65,000 after purchasing an additional 246 shares during the period. Foundations Investment Advisors LLC lifted its position in Charles Schwab by 5.3% in the third quarter. Foundations Investment Advisors LLC now owns 23,528 shares of the financial services provider's stock valued at $1,525,000 after buying an additional 1,186 shares during the last quarter. Eastern Bank purchased a new position in Charles Schwab during the third quarter worth about $109,000. Lecap Asset Management Ltd. increased its position in shares of Charles Schwab by 73.4% during the third quarter. Lecap Asset Management Ltd. now owns 14,630 shares of the financial services provider's stock valued at $948,000 after acquiring an additional 6,191 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Charles Schwab by 470.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 18,508 shares of the financial services provider's stock valued at $1,200,000 after acquiring an additional 15,264 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $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. Insiders have sold 490,120 shares of company stock valued at $40,127,472 in the last ninety days. Insiders own 6.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Truist Financial raised their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, December 9th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $86.33.

Charles Schwab Stock Down 1.6 %

NYSE:SCHW traded down $1.33 during trading hours on Friday, hitting $80.50. The company's stock had a trading volume of 9,855,515 shares, compared to its average volume of 12,402,950. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $143.38 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The stock has a fifty day moving average of $77.97 and a 200-day moving average of $72.83.

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

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

Charles Schwab Company 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.