Norinchukin Bank The Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Norinchukin Bank The boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,364 shares of the financial services provider's stock after purchasing an additional 5,770 shares during the quarter. Norinchukin Bank The's holdings in Charles Schwab were worth $4,986,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock worth $432,536,000 after purchasing an additional 38,201 shares during the period. Anchor Investment Management LLC increased its stake in Charles Schwab by 11.2% in the 3rd quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider's stock worth $2,348,000 after buying an additional 3,637 shares during the period. Sculati Wealth Management LLC lifted its holdings in Charles Schwab by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider's stock valued at $2,786,000 after buying an additional 315 shares in the last quarter. World Investment Advisors LLC bought a new stake in Charles Schwab during the 3rd quarter valued at about $9,211,000. Finally, Sfmg LLC grew its stake in Charles Schwab by 2.5% in the 3rd quarter. Sfmg LLC now owns 58,542 shares of the financial services provider's stock worth $3,794,000 after acquiring an additional 1,444 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded up $1.29 during trading on Wednesday, reaching $77.87. The company had a trading volume of 9,826,007 shares, compared to its average volume of 9,320,003. 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 company has a market cap of $141.22 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50-day simple moving average of $76.91 and a 200-day simple moving average of $76.74.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates 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. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company's stock, valued at $3,548,152.32. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 502,030 shares of company stock valued at $40,988,118 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on SCHW shares. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target for the company in a research note on Tuesday, April 8th. Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. JMP Securities restated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday. Piper Sandler increased their target price on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and an average price target of $85.78.

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.