Ethic Inc. Has $11.31 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Ethic Inc. lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,798 shares of the financial services provider's stock after purchasing an additional 20,377 shares during the quarter. Ethic Inc.'s holdings in Charles Schwab were worth $11,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $41,000. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $46,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction on 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 503,041 shares of company stock valued at $41,072,558. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their target price for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Truist Financial decreased their target price on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.22.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.16 during trading on Friday, reaching $84.53. 5,909,955 shares of the stock were exchanged, compared to its average volume of 9,413,142. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $85.19. The firm has a market cap of $153.30 billion, a PE ratio of 28.27, a PEG ratio of 0.99 and a beta of 0.90. The stock has a 50-day moving average price of $77.48 and a 200-day moving average price of $77.92. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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 analysts' expectations of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Charles Schwab 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.