FIL Ltd Purchases 566,591 Shares of The Charles Schwab Co. (NYSE:SCHW)

FIL Ltd increased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 159.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 923,000 shares of the financial services provider's stock after buying an additional 566,591 shares during the quarter. FIL Ltd owned 0.05% of Charles Schwab worth $68,311,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab in the fourth quarter worth $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the fourth quarter valued at about $41,000. Knuff & Co LLC boosted its position in shares of Charles Schwab by 1,309.3% in the fourth 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 period. Financial Life Planners bought a new stake in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. Institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction that occurred 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 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 position. 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 company insiders.

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Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price objective on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays reduced their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Truist Financial reduced their price objective on Charles Schwab from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $85.33.

Charles Schwab Trading Up 1.2 %

NYSE:SCHW traded up $0.92 during trading hours on Tuesday, hitting $77.84. The company had a trading volume of 2,694,154 shares, compared to its average volume of 12,047,547. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. 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 $141.17 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The stock has a 50-day moving average price of $77.67 and a 200 day moving average price of $76.32.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is 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.