Disciplined Investors L.L.C. Acquires New Stake in The Charles Schwab Co. (NYSE:SCHW)

Disciplined Investors L.L.C. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,994 shares of the financial services provider's stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Principal Financial Group Inc. lifted its holdings in shares of Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after purchasing an additional 38,201 shares during the period. United Bank raised its position in Charles Schwab by 13.0% during the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider's stock worth $736,000 after purchasing an additional 1,309 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Charles Schwab during the 3rd quarter worth about $202,000. Benjamin Edwards Inc. grew its position in shares of Charles Schwab by 2,840.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after buying an additional 5,937 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its stake in shares of Charles Schwab by 71.4% in the third quarter. Hilltop Holdings Inc. now owns 12,647 shares of the financial services provider's stock valued at $820,000 after buying an additional 5,267 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

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Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Down 7.7 %

Shares of Charles Schwab stock traded down $5.80 during trading hours on Friday, reaching $69.07. The company's stock had a trading volume of 25,464,103 shares, compared to its average volume of 9,026,468. 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 stock's fifty day simple moving average is $79.09 and its two-hundred day simple moving average is $75.73. The company has a market capitalization of $125.26 billion, a P/E ratio of 23.10, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. On average, research 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 was paid on Friday, February 28th. Shareholders 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 a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.56%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Analysts Set New Price Targets

A number of research firms recently commented on SCHW. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Truist Financial decreased their price target on Charles Schwab from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.94.

Charles Schwab 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.