O Shaughnessy Asset Management LLC Acquires 29,083 Shares of The Charles Schwab Co. (NYSE:SCHW)

O Shaughnessy Asset Management LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,067 shares of the financial services provider's stock after acquiring an additional 29,083 shares during the period. O Shaughnessy Asset Management LLC's holdings in Charles Schwab were worth $9,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab during the 4th quarter valued at $41,000. Knuff & Co LLC grew its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter worth about $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $3.69 during trading on Thursday, hitting $74.90. 13,516,765 shares of the stock traded hands, compared to its average volume of 8,922,842. The firm's fifty day moving average is $79.48 and its 200-day moving average is $75.69. The stock has a market cap of $135.83 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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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 analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, February 14th. 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%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SCHW. UBS Group increased their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Piper Sandler lifted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, Barclays raised their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $87.28.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business'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 value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm'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 transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 over the last three months. Insiders own 6.60% of the company's stock.

Charles Schwab Company 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.