Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,438,438 shares of the financial services provider's stock after buying an additional 241,685 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Charles Schwab worth $181,542,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Korea Investment CORP increased its stake in Charles Schwab by 37.8% in the fourth quarter. Korea Investment CORP now owns 1,136,015 shares of the financial services provider's stock valued at $84,076,000 after purchasing an additional 311,547 shares during the last quarter. Graney & King LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at $69,000. Ausdal Financial Partners Inc. raised its stake in Charles Schwab by 45.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,562 shares of the financial services provider's stock worth $486,000 after acquiring an additional 2,062 shares in the last quarter. Summitry LLC lifted its position in Charles Schwab by 1.1% in the fourth quarter. Summitry LLC now owns 1,016,139 shares of the financial services provider's stock valued at $75,204,000 after acquiring an additional 10,673 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 84.38% of the company's stock.

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Charles Schwab Trading Up 0.8 %

SCHW traded up $0.62 during midday trading on Monday, hitting $78.43. The company's stock had a trading volume of 3,636,952 shares, compared to its average volume of 8,832,919. The firm has a market cap of $142.24 billion, a P/E ratio of 26.26, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 price of $79.55 and a two-hundred day moving average price of $75.45.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Analysts Set New Price Targets

Several research firms have commented on SCHW. Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. UBS Group raised their price target on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Jefferies Financial Group upped their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $86.33.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares in the company, valued at approximately $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 a total of 509,701 shares of company stock valued at $41,641,353 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

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.