Meiji Yasuda Asset Management Co Ltd. Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Meiji Yasuda Asset Management Co Ltd. raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,759 shares of the financial services provider's stock after acquiring an additional 3,750 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Charles Schwab were worth $5,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Baxter Bros Inc. boosted its holdings in Charles Schwab by 26.0% in the fourth quarter. Baxter Bros Inc. now owns 57,618 shares of the financial services provider's stock valued at $4,264,000 after acquiring an additional 11,904 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Charles Schwab by 49.2% during the 4th quarter. Zions Bancorporation N.A. now owns 988 shares of the financial services provider's stock worth $73,000 after buying an additional 326 shares during the period. TIAA Trust National Association lifted its holdings in Charles Schwab by 5.0% in the fourth quarter. TIAA Trust National Association now owns 22,816 shares of the financial services provider's stock valued at $1,689,000 after buying an additional 1,079 shares during the period. Modern Wealth Management LLC boosted its position in shares of Charles Schwab by 39.1% in the 4th quarter. Modern Wealth Management LLC now owns 6,921 shares of the financial services provider's stock worth $562,000 after purchasing an additional 1,945 shares during the last quarter. Finally, TAGStone Capital Inc. grew its position in shares of Charles Schwab by 2.2% during the 4th quarter. TAGStone Capital Inc. now owns 6,801 shares of the financial services provider's stock worth $503,000 after buying an additional 146 shares during the period. 84.38% of the stock is owned by institutional investors.

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Charles Schwab Trading Down 2.3 %

Shares of Charles Schwab stock traded down $1.81 on Friday, hitting $77.79. The stock had a trading volume of 6,456,732 shares, compared to its average volume of 8,853,143. The stock has a 50 day moving average of $79.55 and a 200 day moving average of $75.36. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a market capitalization of $141.08 billion, a P/E ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98.

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

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. 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 annualized dividend and a yield of 1.39%. Charles Schwab's dividend payout ratio is presently 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now directly owns 49,204 shares of the company's stock, valued at approximately $3,936,320. The trade was a 14.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 509,701 shares of company stock valued at $41,641,353. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SCHW shares. Citigroup raised their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Hold" and a consensus price target of $86.33.

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.