Ninety One UK Ltd Has $81.75 Million Stake in The Charles Schwab Corporation (NYSE:SCHW)

Ninety One UK Ltd trimmed its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 16.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,044,304 shares of the financial services provider's stock after selling 213,049 shares during the period. Ninety One UK Ltd owned approximately 0.06% of Charles Schwab worth $81,748,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the 1st quarter valued at $25,000. Westside Investment Management Inc. lifted its position in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the 1st quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $38,000. Finally, Beacon Capital Management LLC lifted its position in shares of Charles Schwab by 53.1% during the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research analyst reports. Truist Financial increased their target price on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Citigroup increased their target price on Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a report on Monday. Finally, Piper Sandler increased their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.55.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.60 during midday trading on Tuesday, hitting $92.00. The company's stock had a trading volume of 7,089,514 shares, compared to its average volume of 9,553,135. The stock has a market capitalization of $167.16 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.98 and a beta of 0.93. The stock's 50 day simple moving average is $87.69 and its 200 day simple moving average is $81.01. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $92.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results 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 net margin of 31.71% and a return on equity of 18.31%. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter last year, the company earned $0.74 earnings per share. As a group, research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is presently 32.73%.

Insiders Place Their Bets

In related news, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the sale, the director owned 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock valued at $10,530,833 in the last quarter. 6.30% of the stock is currently owned by 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.