The Charles Schwab Co. (NYSE:SCHW) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 495,524 shares of the financial services provider's stock after acquiring an additional 24,677 shares during the period. Mackenzie Financial Corp's holdings in Charles Schwab were worth $36,674,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new stake in Charles Schwab in the 4th quarter valued at about $41,000. Knuff & Co LLC grew its holdings in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab 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 sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold 104,735 shares of company stock worth $8,867,382 in the last three months. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Down 0.4%

Charles Schwab stock traded down $0.38 during midday trading on Friday, hitting $87.38. 2,159,381 shares of the company were exchanged, compared to its average volume of 9,351,640. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The company's fifty day moving average price is $80.68 and its 200-day moving average price is $79.30. The company has a market cap of $158.77 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

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 (EPS) for the quarter, topping 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 the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $0.74 EPS. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.24%. Charles Schwab's dividend payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCHW shares. Wells Fargo & Company reduced their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Morgan Stanley lifted their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.63.

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.