The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,507,712 shares of the financial services provider's stock after purchasing an additional 98,183 shares during the period. California State Teachers Retirement System owned about 0.14% of Charles Schwab worth $185,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab during the 4th quarter valued at about $38,000. Atala Financial Inc bought a new position in Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC grew 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 during the last quarter. Financial Life Planners bought a new position in Charles Schwab in the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the business's 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 completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 493,482 shares of company stock valued at $40,288,720. 6.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SCHW shares. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price objective on the stock in a research report on Tuesday, April 8th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their target price for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their price target for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average price target of $87.22.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.16 during trading on Wednesday, reaching $81.42. 8,232,789 shares of the company's stock traded hands, compared to its average volume of 9,353,198. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. 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 company has a market capitalization of $147.66 billion, a P/E ratio of 27.23, a PEG ratio of 0.99 and a beta of 0.91. The firm's 50-day moving average is $76.79 and its 200 day moving average is $77.25.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.33%. Charles Schwab's payout ratio is currently 32.73%.

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.