Mariner LLC Has $38.67 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mariner LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 522,541 shares of the financial services provider's stock after selling 91,310 shares during the quarter. Mariner LLC's holdings in Charles Schwab were worth $38,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Principal Financial Group Inc. raised its holdings in Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock valued at $432,536,000 after buying an additional 38,201 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Charles Schwab by 11.2% during the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider's stock valued at $2,348,000 after acquiring an additional 3,637 shares in the last quarter. Sculati Wealth Management LLC boosted its position in Charles Schwab by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider's stock worth $2,786,000 after purchasing an additional 315 shares during the period. World Investment Advisors LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at $9,211,000. Finally, Sfmg LLC raised its position in Charles Schwab by 2.5% in the third quarter. Sfmg LLC now owns 58,542 shares of the financial services provider's stock valued at $3,794,000 after purchasing an additional 1,444 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction 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 $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the 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 sale, the insider now owns 47,931 shares of the company's stock, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 513,081 shares of company stock valued at $41,903,066. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

SCHW traded down $1.43 during trading on Monday, reaching $74.72. 1,258,872 shares of the company were exchanged, compared to its average volume of 9,268,821. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The stock has a market cap of $135.51 billion, a P/E ratio of 24.99, a PEG ratio of 0.99 and a beta of 0.91. 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 firm has a 50 day moving average of $77.16 and a 200 day moving average of $76.67.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the business posted $0.74 EPS. On average, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities decreased their price objective on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial dropped their target price 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 analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.44.

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.