The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Norinchukin Bank The

Norinchukin Bank The grew its position in The Charles Schwab Co. (NYSE:SCHW) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,364 shares of the financial services provider’s stock after buying an additional 5,770 shares during the quarter. Norinchukin Bank The’s holdings in Charles Schwab were worth $4,986,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Merit Financial Group LLC increased its holdings in Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $2,483,000 after acquiring an additional 23,383 shares in the last quarter. Synovus Financial Corp grew its position in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC purchased a new position in shares of Charles Schwab during the 4th quarter worth approximately $688,000. Golden State Equity Partners raised its position in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 9,108 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock valued at $47,674,000 after buying an additional 43,308 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $76.52 on Friday. The firm has a market capitalization of $138.77 billion, a PE ratio of 25.59, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month 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 business has a 50-day moving average of $77.16 and a two-hundred day moving average of $76.58.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, research analysts forecast 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. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted 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. JMP Securities dropped their price objective on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. Piper Sandler lifted their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.44.

Insider Activity

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares in the company, valued at $3,548,152.32. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 513,081 shares of company stock worth $41,903,066. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Company 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.