Wellington Management Group LLP Cuts Position in The Charles Schwab Co. (NYSE:SCHW)

Wellington Management Group LLP trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 23.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,226,468 shares of the financial services provider's stock after selling 690,520 shares during the period. Wellington Management Group LLP owned approximately 0.12% of Charles Schwab worth $164,781,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab in the 4th quarter worth about $41,000. Knuff & Co LLC lifted its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners acquired a new position in Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SCHW. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler raised their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus price target of $86.94.

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Charles Schwab Stock Performance

NYSE:SCHW traded down $5.80 on Friday, reaching $69.07. 25,464,103 shares of the company's stock were exchanged, compared to its average volume of 9,007,459. The stock has a fifty day simple moving average of $79.09 and a 200-day simple moving average of $75.73. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $125.26 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business earned $0.68 EPS. Charles Schwab's revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.56%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 in the last quarter. 6.60% of the stock is currently owned by corporate 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.