Sei Investments Co. Has $92.85 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Sei Investments Co. grew its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,254,510 shares of the financial services provider's stock after purchasing an additional 151,778 shares during the quarter. Sei Investments Co. owned 0.07% of Charles Schwab worth $92,845,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC raised its position in Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after acquiring an additional 23,383 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Charles Schwab by 2,840.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock worth $398,000 after purchasing an additional 5,937 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of 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 in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $688,000. Finally, Golden State Equity Partners lifted its stake in 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 purchasing an additional 9,108 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

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Analyst Ratings Changes

SCHW has been the topic of several recent research reports. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Citigroup increased their price target on Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. JMP Securities restated a "market outperform" rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Two research 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. According to MarketBeat, Charles Schwab has an average rating of "Hold" and an average price target of $86.33.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was 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 trade represents 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 501,087 shares of company stock worth $40,952,233 in the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Up 1.1 %

Shares of NYSE:SCHW traded up $0.85 during midday trading on Tuesday, hitting $80.81. 4,203,963 shares of the stock were exchanged, compared to its average volume of 8,442,138. The company has a market capitalization of $146.55 billion, a PE ratio of 27.03, a P/E/G 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. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business's fifty day simple moving average is $79.14 and its two-hundred day simple moving average is $74.98.

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. The company had revenue of $5.33 billion during 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's payout ratio is currently 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.