Teewinot Capital Advisers L.L.C. Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

Teewinot Capital Advisers L.L.C. decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 636,602 shares of the financial services provider's stock after selling 140,186 shares during the period. Charles Schwab accounts for approximately 4.8% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 11th biggest holding. Teewinot Capital Advisers L.L.C.'s holdings in Charles Schwab were worth $47,115,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after buying an additional 1,187,384 shares during the period. Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after purchasing an additional 265,708 shares during the period. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $1,289,544,000. Finally, Northern Trust Corp increased its holdings in shares of Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after purchasing an additional 1,864,286 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and boosted their target price for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Barclays dropped 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. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.33.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction 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 sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, 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. Insiders have sold 38,412 shares of company stock worth $3,014,797 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 0.7%

SCHW opened at $88.72 on Friday. The business's fifty day moving average is $78.76 and its two-hundred day moving average is $78.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $161.19 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $88.87.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 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 for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $0.74 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 4.22 EPS 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 given a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Charles Schwab's dividend payout ratio is currently 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.

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