Ameriprise Financial Inc. Has $719.60 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Ameriprise Financial Inc. raised its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,723,150 shares of the financial services provider's stock after purchasing an additional 493,126 shares during the quarter. Ameriprise Financial Inc. owned 0.55% of Charles Schwab worth $719,596,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHW. Gladstone Institutional Advisory LLC raised its holdings in Charles Schwab by 2.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC grew its stake in Charles Schwab by 3.2% in 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 last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Charles Schwab by 2.7% during the 4th 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 acquiring an additional 127 shares in 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. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Down 0.6 %

Shares of SCHW stock traded down $0.51 on Tuesday, hitting $82.87. The stock had a trading volume of 5,722,182 shares, compared to its average volume of 9,374,932. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a fifty day moving average price of $77.08 and a two-hundred day moving average price of $77.61. The firm has a market cap of $150.28 billion, a P/E ratio of 27.71, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Buying and Selling

In related news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 503,041 shares of company stock worth $41,072,558. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SCHW. Truist Financial dropped their price objective on Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a research report on Monday, April 21st. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, Barclays decreased their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

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.