Capital International Investors Buys 79,082 Shares of The Charles Schwab Co. (NYSE:SCHW)

Capital International Investors grew its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,206,172 shares of the financial services provider's stock after purchasing an additional 79,082 shares during the quarter. Capital International Investors owned approximately 0.07% of Charles Schwab worth $89,269,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the fourth quarter worth about $38,000. Atala Financial Inc bought a new stake in Charles Schwab in the fourth quarter worth about $41,000. Knuff & Co LLC lifted its holdings in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $46,000. Institutional investors own 84.38% of the company's stock.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 502,030 shares of company stock valued at $40,988,118. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SCHW shares. Truist Financial reduced their target price on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a report on Monday. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday. Two 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.78.

Charles Schwab Stock Up 1.7 %

Shares of NYSE SCHW traded up $1.29 during trading hours on Wednesday, hitting $77.87. The stock had a trading volume of 9,826,007 shares, compared to its average volume of 9,319,702. The firm's 50-day moving average price is $76.91 and its two-hundred day moving average price is $76.74. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a market capitalization of $141.22 billion, a P/E ratio of 26.04, a P/E/G ratio of 0.99 and a beta of 0.91. 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 announced its quarterly 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 30.31% and a return on equity of 18.20%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the business posted $0.74 EPS. 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. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is 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.