Kampmann Melissa S. decreased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,820 shares of the financial services provider's stock after selling 4,480 shares during the period. Charles Schwab accounts for 2.2% of Kampmann Melissa S.'s investment portfolio, making the stock its 24th largest holding. Kampmann Melissa S.'s holdings in Charles Schwab were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Primecap Management Co. CA grew its position in shares of Charles Schwab by 310.3% during the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after acquiring an additional 3,216,000 shares during the last quarter. Franklin Resources Inc. boosted its stake in Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Raymond James Financial Inc. purchased a new position in Charles Schwab during the 4th quarter worth $189,791,000. Veritas Asset Management LLP acquired a new position in Charles Schwab in the fourth quarter valued at $185,649,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock valued at $1,858,706,000 after buying an additional 1,711,312 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Charles Schwab
In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SCHW shares. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Jefferies Financial Group boosted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, Truist Financial upped their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Charles Schwab presently has a consensus rating of "Hold" and a consensus price target of $86.33.
View Our Latest Stock Report on SCHW
Charles Schwab Price Performance
Shares of NYSE:SCHW traded up $1.68 during trading on Monday, hitting $80.07. 7,542,389 shares of the stock were exchanged, compared to its average volume of 8,445,041. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The company has a market cap of $145.21 billion, a PE ratio of 26.78, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a fifty day moving average price of $78.99 and a two-hundred day moving average price of $74.87. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.
Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the business earned $0.68 earnings per share. Charles Schwab's quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.
Charles Schwab Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. 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 is presently 36.12%.
About Charles Schwab
(
Free Report)
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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