Mitsubishi UFJ Trust & Banking Corp Acquires 40,208 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mitsubishi UFJ Trust & Banking Corp grew its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 720,329 shares of the financial services provider's stock after buying an additional 40,208 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Charles Schwab were worth $53,312,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SCHW. Vanguard Group Inc. grew its holdings in Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares during the period. State Street Corp grew its stake in shares of Charles Schwab by 0.7% during the third quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock worth $4,023,175,000 after purchasing an additional 414,949 shares during the period. Geode Capital Management LLC increased its holdings in Charles Schwab by 1.5% in the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock valued at $1,945,614,000 after purchasing an additional 445,304 shares during the last quarter. Franklin Resources Inc. lifted its stake in Charles Schwab by 15.0% in 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. Finally, Fisher Asset Management LLC grew its position in shares of Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after buying an additional 265,708 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

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Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Truist Financial lifted their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Barclays increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Stock Down 2.3 %

SCHW stock traded down $1.81 during mid-day trading on Friday, reaching $77.79. The company had a trading volume of 6,456,732 shares, compared to its average volume of 8,853,143. 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 stock has a 50 day simple moving average of $79.55 and a two-hundred day simple moving average of $75.36. The company has a market capitalization of $141.08 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50.

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. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares of the company's stock, valued at $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 509,701 shares of company stock worth $41,641,353 in the last quarter. Corporate insiders own 6.60% of the company's stock.

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.