iA Global Asset Management Inc. Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

iA Global Asset Management Inc. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 77.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,812 shares of the financial services provider's stock after purchasing an additional 6,017 shares during the quarter. iA Global Asset Management Inc.'s holdings in Charles Schwab were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth $241,000. Teacher Retirement System of Texas raised its stake in shares of Charles Schwab by 833.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,412 shares of the financial services provider's stock valued at $6,987,000 after acquiring an additional 84,297 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,186,342 shares of the financial services provider's stock valued at $87,801,000 after purchasing an additional 3,434 shares during the period. GM Advisory Group LLC increased its stake in shares of Charles Schwab by 3.8% during the fourth quarter. GM Advisory Group LLC now owns 20,736 shares of the financial services provider's stock valued at $1,535,000 after buying an additional 750 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Charles Schwab by 140,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,606 shares of the financial services provider's stock worth $415,000 after acquiring an additional 5,602 shares during the period. 84.38% of the stock is owned by institutional investors.

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Analyst Ratings Changes

SCHW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Jefferies Financial Group increased 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. Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Finally, Truist Financial lifted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Two investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.85 during trading on Tuesday, reaching $80.81. 7,661,020 shares of the company's stock traded hands, compared to its average volume of 8,445,808. The firm has a market cap 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 fifty-two week low of $61.01 and a fifty-two week 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 company has a 50-day simple moving average of $79.31 and a 200-day simple moving average of $75.11.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. As a group, analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock valued at $40,952,233 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

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.