Mizuho Securities USA LLC Acquires 44,813 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mizuho Securities USA LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,684 shares of the financial services provider's stock after acquiring an additional 44,813 shares during the quarter. Mizuho Securities USA LLC's holdings in Charles Schwab were worth $10,486,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its stake in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC increased its holdings in shares of Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after acquiring an additional 125 shares in the last quarter. Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its position in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after buying an additional 130 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on SCHW shares. JMP Securities reissued a "market outperform" rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Truist Financial raised their target price on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Price Performance

SCHW stock traded up $0.97 during mid-day trading on Tuesday, reaching $80.93. 2,056,418 shares of the company traded hands, compared to its average volume of 8,442,138. 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 $146.77 billion, a P/E ratio of 27.05, a P/E/G ratio of 0.99 and a beta of 0.98. 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 company has a fifty day moving average price of $79.14 and a 200-day moving average price of $74.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for 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 was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 1.33%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 available at this link. Also, insider Paul V. Woolway sold 9,887 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock worth $40,952,233 in the last ninety days. 6.60% of the stock is currently owned by insiders.

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.