CX Institutional Has $14.16 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

CX Institutional increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1,845.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,913 shares of the financial services provider's stock after acquiring an additional 171,615 shares during the period. CX Institutional's holdings in Charles Schwab were worth $14,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in Charles Schwab during the 4th quarter worth $1,289,544,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock worth $814,545,000 after acquiring an additional 8,584,173 shares in the last quarter. FMR LLC lifted its holdings in Charles Schwab by 69.4% during the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after purchasing an additional 3,974,940 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after acquiring an additional 3,684,640 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Charles Schwab by 310.3% in the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after acquiring an additional 3,216,000 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 0.2%

NYSE SCHW traded down $0.20 during trading on Thursday, reaching $88.20. The company's stock had a trading volume of 1,627,663 shares, compared to its average volume of 9,371,279. The business has a 50-day moving average price of $82.58 and a 200-day moving average price of $79.79. 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 1-year low of $61.01 and a 1-year high of $89.85. The stock has a market capitalization of $160.26 billion, a PE ratio of 29.50, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the business earned $0.74 earnings per share. On average, research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SCHW shares. Truist Financial raised their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Piper Sandler raised their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Barclays reduced their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by corporate insiders.

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.