The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 217.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,350 shares of the financial services provider's stock after acquiring an additional 33,100 shares during the quarter. Charles Schwab makes up 1.0% of Paradigm Asset Management Co. LLC's portfolio, making the stock its 12th biggest holding. Paradigm Asset Management Co. LLC's holdings in Charles Schwab were worth $3,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. increased its stake in Charles Schwab by 32.2% in the third quarter. Raleigh Capital Management Inc. now owns 1,010 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 246 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Charles Schwab by 5.3% in the third quarter. Foundations Investment Advisors LLC now owns 23,528 shares of the financial services provider's stock valued at $1,525,000 after purchasing an additional 1,186 shares during the last quarter. Eastern Bank acquired a new position in Charles Schwab in the third quarter valued at $109,000. Lecap Asset Management Ltd. increased its stake in Charles Schwab by 73.4% in the third quarter. Lecap Asset Management Ltd. now owns 14,630 shares of the financial services provider's stock valued at $948,000 after purchasing an additional 6,191 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Charles Schwab by 470.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 18,508 shares of the financial services provider's stock valued at $1,200,000 after purchasing an additional 15,264 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SCHW. Jefferies Financial Group upped their target price on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $81.88 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The business has a 50-day moving average of $77.97 and a 200-day moving average of $72.83. 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 company has a market capitalization of $145.84 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The firm 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%. Charles Schwab's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 490,120 shares of company stock worth $40,127,472. 6.60% of the stock is currently owned by company insiders.

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.

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