The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,878 shares of the financial services provider's stock after selling 395,041 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Charles Schwab were worth $34,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the fourth quarter valued at about $41,000. Knuff & Co LLC increased its position in shares of Charles Schwab by 1,309.3% during the fourth 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 last quarter. Financial Life Planners purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Truist Financial raised their target price on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their price objective for the company from $85.00 to $102.00 in a research note on Wednesday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $87.28.

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Insider Activity at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 509,701 shares of company stock worth $41,641,353 in the last quarter. Company insiders own 6.60% of the company's stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.85 during trading hours on Wednesday, reaching $78.52. The stock had a trading volume of 3,240,551 shares, compared to its average volume of 11,322,730. The firm has a market cap of $142.39 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a 50-day moving average of $79.52 and a 200-day moving average of $75.67. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company's revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict 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. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Charles Schwab's dividend payout ratio is 36.12%.

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.