Ensign Peak Advisors Inc Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Ensign Peak Advisors Inc lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,727,243 shares of the financial services provider's stock after selling 99,001 shares during the period. Charles Schwab accounts for about 0.8% of Ensign Peak Advisors Inc's portfolio, making the stock its 19th biggest position. Ensign Peak Advisors Inc owned about 0.32% of Charles Schwab worth $423,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab during the 4th quarter worth approximately $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the 4th quarter worth approximately $41,000. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners bought a new stake in shares of Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab in the fourth quarter valued at about $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 0.2%

SCHW traded up $0.16 during trading on Friday, reaching $84.53. 5,909,955 shares of the company's stock were exchanged, compared to its average volume of 9,413,142. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $85.19. 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 stock has a market capitalization of $153.30 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The firm has a fifty day moving average price of $77.48 and a two-hundred day moving average price of $77.92.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.28%. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. The trade was a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. The trade was a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,041 shares of company stock worth $41,072,558 in the last quarter. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on SCHW shares. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Truist Financial reduced their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Friday, April 25th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.