Daiwa Securities Group Inc. Increases Holdings in The Charles Schwab Co. (NYSE:SCHW)

Daiwa Securities Group Inc. boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,373 shares of the financial services provider's stock after buying an additional 23,664 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Charles Schwab were worth $18,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its holdings in shares of Charles Schwab by 0.7% in the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock valued at $4,023,175,000 after acquiring an additional 414,949 shares in the last quarter. Geode Capital Management LLC grew its position in Charles Schwab by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock worth $1,945,614,000 after acquiring an additional 445,304 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after acquiring an additional 1,711,312 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Charles Schwab by 15.0% in 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 buying an additional 3,157,923 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after buying an additional 265,708 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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Charles Schwab Trading Up 2.8 %

Shares of NYSE SCHW traded up $2.04 during midday trading on Wednesday, hitting $74.51. The company's stock had a trading volume of 6,389,509 shares, compared to its average volume of 12,154,285. 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 business's 50 day moving average is $78.42 and its two-hundred day moving average is $74.16. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The firm has a market cap of $135.12 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

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

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock worth $40,952,233 in the last ninety days. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SCHW shares. Truist Financial boosted their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Barclays boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $86.33.

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.