&Partners Acquires New Holdings in The Charles Schwab Co. (NYSE:SCHW)

&Partners bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,883 shares of the financial services provider’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Norges Bank bought a new position in shares of Charles Schwab during the fourth quarter worth about $950,192,000. Ameriprise Financial Inc. raised its position in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after buying an additional 4,624,302 shares during the last quarter. Boston Partners lifted its stake in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after acquiring an additional 3,602,830 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its position in Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after acquiring an additional 2,322,156 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, insider Bernard J. Clark sold 8,164 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $612,300.00. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold 649,663 shares of company stock valued at $48,344,736 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $73.34 on Monday. The business’s 50 day moving average is $74.30 and its 200-day moving average is $69.51. The firm has a market cap of $130.35 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Equities research analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. TD Cowen reduced their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Finally, Piper Sandler raised their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.65.

About Charles Schwab

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.