Royal London Asset Management Ltd. Buys 3,434 Shares of The Charles Schwab Co. (NYSE:SCHW)

Royal London Asset Management Ltd. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,186,342 shares of the financial services provider's stock after purchasing an additional 3,434 shares during the period. Royal London Asset Management Ltd. owned about 0.07% of Charles Schwab worth $87,801,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SCHW. Merit Financial Group LLC grew its holdings in shares of Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock valued at $2,483,000 after acquiring an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 5,937 shares in the last quarter. Synovus Financial Corp increased its position in Charles Schwab by 46.0% in the 3rd quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock worth $4,400,000 after purchasing an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $688,000. Finally, Golden State Equity Partners lifted its holdings 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 valued at $903,000 after buying an additional 9,108 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

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Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Piper Sandler upped their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and upped their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $86.33.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $1.68 during mid-day trading on Monday, reaching $80.07. The stock had a trading volume of 7,542,389 shares, compared to its average volume of 8,445,041. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The firm has a market cap of $145.21 billion, a PE ratio of 26.78, a P/E/G ratio of 0.99 and a beta of 0.98. The firm's 50 day simple moving average is $78.99 and its 200 day simple moving average is $74.87. The company has a quick ratio of 0.47, a current 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 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

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.