Rathbones Group PLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 93.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,415 shares of the financial services provider's stock after selling 1,009,332 shares during the quarter. Rathbones Group PLC's holdings in Charles Schwab were worth $5,137,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC boosted its position in shares of Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after buying an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. raised its position in Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after acquiring an additional 5,937 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock valued at $4,400,000 after purchasing an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $688,000. Finally, Golden State Equity Partners increased its stake in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after purchasing an additional 9,108 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
Charles Schwab Trading Up 4.2 %
SCHW traded up $3.12 during trading on Friday, hitting $76.97. 14,847,290 shares of the company's stock were exchanged, compared to its average volume of 9,287,524. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The stock has a 50 day moving average price of $77.77 and a 200 day moving average price of $76.23. The firm has a market cap of $139.59 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. 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 announced its quarterly 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm's revenue was up 19.5% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.
Insider Buying and Selling
In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the transaction, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 513,081 shares of company stock valued at $41,903,066. Corporate insiders own 6.60% of the company's stock.
Analyst Ratings Changes
SCHW has been the topic of a number of analyst reports. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.33.
View Our Latest Stock Report on Charles Schwab
Charles Schwab Profile
(
Free Report)
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.
Further Reading
Before you consider Charles Schwab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charles Schwab wasn't on the list.
While Charles Schwab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
