Motley Fool Asset Management LLC Has $6.17 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Motley Fool Asset Management LLC raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 13.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 83,316 shares of the financial services provider's stock after buying an additional 9,700 shares during the period. Motley Fool Asset Management LLC's holdings in Charles Schwab were worth $6,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter valued at about $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after buying an additional 563 shares during the last quarter. Financial Life Planners acquired a new position in shares of Charles Schwab during the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 7.7 %

NYSE:SCHW traded down $5.80 on Friday, hitting $69.07. 25,464,103 shares of the company's stock were exchanged, compared to its average volume of 9,026,468. The company has a market cap of $125.26 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50-day moving average price of $79.09 and a 200-day moving average price of $75.73. 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.

Remove Ads

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, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio is 36.12%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $102.00 in a research note on Wednesday. Piper Sandler boosted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Jefferies Financial Group increased their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average target price of $86.94.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the chairman now 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 disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last quarter. 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.