Natixis Has $4.81 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Natixis reduced its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 69.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,023 shares of the financial services provider's stock after selling 150,149 shares during the period. Natixis' holdings in Charles Schwab were worth $4,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab in the fourth quarter worth approximately $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $41,000. Knuff & Co LLC lifted its stake in Charles Schwab by 1,309.3% during the 4th 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 acquired a new stake in Charles Schwab during the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab during the fourth quarter valued at approximately $46,000. 84.38% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 502,030 shares of company stock worth $40,988,118. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SCHW. Piper Sandler boosted their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Truist Financial lowered their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and lifted their target price for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.78.

Charles Schwab Stock Up 1.7 %

NYSE SCHW traded up $1.29 during trading on Wednesday, reaching $77.87. The company's stock had a trading volume of 9,826,007 shares, compared to its average volume of 9,320,003. 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 stock has a market capitalization of $141.22 billion, a PE ratio of 26.04, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The business has a 50-day moving average price of $76.87 and a 200-day moving average price of $76.75.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the firm posted $0.74 EPS. On average, research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared 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. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. Charles Schwab's dividend payout ratio is 32.73%.

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.