The Charles Schwab Co. (NYSE:SCHW) Holdings Raised by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 55.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,932 shares of the financial services provider's stock after buying an additional 26,104 shares during the period. Vinva Investment Management Ltd's holdings in Charles Schwab were worth $5,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC raised its stake in shares of 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 valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC lifted its stake in Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after purchasing an additional 125 shares during the last quarter. Klingman & Associates LLC boosted its holdings in Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its stake 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 valued at $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of 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 purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

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Insiders Place Their Bets

In other Charles Schwab 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 sale, the insider now directly owns 47,931 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by insiders.

Charles Schwab Price Performance

NYSE SCHW traded up $1.68 on Monday, reaching $80.07. 7,542,389 shares of the stock traded hands, 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 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 $78.99 and its 200 day simple moving average is $74.87. The company has a market cap of $145.21 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.99 and a beta of 0.98.

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, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the previous year, the business earned $0.68 earnings per share. Charles Schwab's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. 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 (DPR) is presently 36.12%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and lifted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Barclays boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Piper Sandler increased their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Citigroup boosted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $86.33.

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.