StoneX Group Inc. Buys 3,939 Shares of The Charles Schwab Co. (NYSE:SCHW)

StoneX Group Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,581 shares of the financial services provider's stock after acquiring an additional 3,939 shares during the period. StoneX Group Inc.'s holdings in Charles Schwab were worth $1,301,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SCHW. Merit Financial Group LLC boosted its stake in 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 purchasing an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. raised its holdings 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 worth $398,000 after buying an additional 5,937 shares during the last quarter. Synovus Financial Corp raised its holdings in Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock worth $4,400,000 after buying 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 fourth quarter valued at approximately $688,000. Finally, Golden State Equity Partners increased its position in shares of Charles Schwab by 293.9% during the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after acquiring an additional 9,108 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

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Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the 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 completion of the transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab 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. Over the last quarter, insiders have sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Truist Financial lifted their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.28.

Charles Schwab Price Performance

Shares of SCHW stock traded down $3.69 on Thursday, hitting $74.90. 13,516,765 shares of the stock traded hands, compared to its average volume of 8,937,293. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The firm has a 50 day simple moving average of $79.34 and a two-hundred day simple moving average of $75.69. The firm 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.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. 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%.

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.