UniSuper Management Pty Ltd Acquires 17,830 Shares of The Charles Schwab Co. (NYSE:SCHW)

UniSuper Management Pty Ltd grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,398 shares of the financial services provider's stock after acquiring an additional 17,830 shares during the period. UniSuper Management Pty Ltd's holdings in Charles Schwab were worth $7,060,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC raised its stake in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC boosted its stake in shares of Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its position in Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after buying an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares during the period. Institutional investors own 84.38% of the company's stock.

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Charles Schwab Trading Up 1.0 %

Charles Schwab stock traded up $0.77 during mid-day trading on Monday, hitting $78.58. 3,884,153 shares of the stock were exchanged, compared to its average volume of 8,834,266. The stock has a market capitalization of $142.50 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month 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 firm's fifty day simple moving average is $79.55 and its two-hundred day simple moving average is $75.45.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCHW. Barclays increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Citigroup increased their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.33.

Insiders Place Their Bets

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated 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 owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred 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 in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 509,701 shares of company stock worth $41,641,353. 6.60% of the stock is currently owned by company insiders.

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.