The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Boosted by Pring Turner Capital Group Inc.

Pring Turner Capital Group Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 80,655 shares of the financial services provider's stock after purchasing an additional 5,314 shares during the period. Charles Schwab comprises 4.0% of Pring Turner Capital Group Inc.'s investment portfolio, making the stock its 4th biggest position. Pring Turner Capital Group Inc.'s holdings in Charles Schwab were worth $5,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Franklin Resources Inc. grew its position in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock valued at $1,858,706,000 after acquiring an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider's stock worth $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. KBC Group NV raised its holdings in shares of Charles Schwab by 186.7% in the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider's stock worth $158,236,000 after purchasing an additional 1,392,255 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $86,845,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCHW. JMP Securities reissued a "market outperform" rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Piper Sandler boosted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Citigroup raised their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded down $1.11 on Tuesday, hitting $79.01. The company's stock had a trading volume of 16,317,690 shares, compared to its average volume of 12,375,240. The company has a market capitalization of $140.74 billion, a PE ratio of 26.43, a PEG ratio of 0.99 and a beta of 0.99. 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 company has a 50-day simple moving average of $78.03 and a 200 day simple moving average of $73.22. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating 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 business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the firm posted $0.68 earnings per share. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts forecast 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 will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.37%. Charles Schwab's payout ratio is 36.12%.

Insider Activity at Charles Schwab

In other news, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction 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 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 disclosure for this sale can be found here. Insiders have sold a total of 487,820 shares of company stock valued at $39,938,849 over the last 90 days. 6.60% of the stock is owned by insiders.

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.