The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,578,230 shares of the financial services provider's stock after purchasing an additional 1,187,384 shares during the quarter. Vanguard Group Inc. owned about 7.22% of Charles Schwab worth $9,516,075,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Gladstone Institutional Advisory LLC boosted its stake in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after buying an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC increased its holdings in 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 lifted its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings 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 purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its position in Charles Schwab by 1.2% during the fourth 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 last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Piper Sandler increased their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $89.00 to $93.00 in a research note 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $86.33.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at $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. Insiders sold a total of 501,087 shares of company stock worth $40,952,233 over the last 90 days. Insiders own 6.60% of the company's stock.

Charles Schwab Trading Up 0.3 %

Shares of SCHW stock traded up $0.26 during mid-day trading on Thursday, reaching $80.40. The company's stock had a trading volume of 814,026 shares, compared to its average volume of 11,464,077. The company's 50 day simple moving average is $79.44 and its 200-day simple moving average is $75.14. 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 Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The firm has a market capitalization of $145.80 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the prior year, the business posted $0.68 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. The ex-dividend date 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 1.34%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

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.