Public Employees Retirement System of Ohio Has $46.90 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Public Employees Retirement System of Ohio trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 633,736 shares of the financial services provider's stock after selling 31,375 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Charles Schwab were worth $46,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC increased 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 during the period. Financial Life Planners acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SCHW shares. UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. Finally, TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $89.63.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.15 during trading hours on Tuesday, hitting $88.55. The company had a trading volume of 6,808,631 shares, compared to its average volume of 9,381,775. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The firm has a market capitalization of $160.89 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 0.99 and a beta of 0.90. The firm's fifty day moving average is $80.14 and its 200 day moving average is $79.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the company posted $0.74 EPS. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. 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 that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,088 shares of company stock worth $8,105,928. Company insiders own 6.30% of the company's stock.

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.