The Charles Schwab Co. (NYSE:SCHW) is Beck Mack & Oliver LLC's 10th Largest Position

Beck Mack & Oliver LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,123,211 shares of the financial services provider's stock after purchasing an additional 29,993 shares during the period. Charles Schwab comprises 2.9% of Beck Mack & Oliver LLC's portfolio, making the stock its 10th biggest holding. Beck Mack & Oliver LLC owned about 0.12% of Charles Schwab worth $157,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP boosted its stake in shares of Charles Schwab by 13.5% during the 4th quarter. Forum Financial Management LP now owns 19,636 shares of the financial services provider's stock worth $1,453,000 after buying an additional 2,336 shares during the last quarter. GeoWealth Management LLC increased its position in Charles Schwab by 19.8% during the 4th quarter. GeoWealth Management LLC now owns 18,987 shares of the financial services provider's stock worth $1,405,000 after buying an additional 3,134 shares during the period. Capital International Investors boosted its position in shares of Charles Schwab by 7.0% in the fourth quarter. Capital International Investors now owns 1,206,172 shares of the financial services provider's stock valued at $89,269,000 after acquiring an additional 79,082 shares during the period. Alpha DNA Investment Management LLC grew its stake in shares of Charles Schwab by 119.3% in the fourth quarter. Alpha DNA Investment Management LLC now owns 40,274 shares of the financial services provider's stock valued at $2,981,000 after acquiring an additional 21,906 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Charles Schwab by 33.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,798,592 shares of the financial services provider's stock worth $207,124,000 after purchasing an additional 700,701 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Up 1.7 %

Charles Schwab stock traded up $1.29 during mid-day trading on Wednesday, hitting $77.87. 9,825,983 shares of the stock were exchanged, compared to its average volume of 12,161,934. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month 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. The firm's fifty day simple moving average is $76.91 and its two-hundred day simple moving average is $76.74. The stock has a market capitalization of $141.22 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $0.74 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current 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 paid a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

Analysts Set New Price Targets

Several research analysts have recently commented on SCHW shares. Morgan Stanley raised shares of 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. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial decreased their target price on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a report on Monday. Redburn Partners lowered their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.78.

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 502,030 shares of company stock valued at $40,988,118 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

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.