Giverny Capital Inc. Buys 12,155 Shares of The Charles Schwab Co. (NYSE:SCHW)

Giverny Capital Inc. lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 947,927 shares of the financial services provider's stock after acquiring an additional 12,155 shares during the quarter. Charles Schwab makes up about 2.6% of Giverny Capital Inc.'s portfolio, making the stock its 16th biggest holding. Giverny Capital Inc. owned 0.05% of Charles Schwab worth $70,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC lifted its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners bought a new position in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on SCHW shares. JMP Securities dropped their target price on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday. Finally, Redburn Partners cut their target price on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.44.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. 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. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 1.1 %

NYSE:SCHW traded up $0.82 during trading hours on Friday, hitting $76.52. 19,270,925 shares of the company traded hands, compared to its average volume of 9,292,439. 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 company has a market cap of $138.77 billion, a PE ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91. The firm's 50-day simple moving average is $77.30 and its 200-day simple moving average is $76.40. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the company earned $0.74 earnings per share. Equities analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

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.