USS Investment Management Ltd Has $22.09 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

USS Investment Management Ltd lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 298,443 shares of the financial services provider's stock after selling 5,483 shares during the quarter. USS Investment Management Ltd's holdings in Charles Schwab were worth $22,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the fourth quarter worth $41,000. Knuff & Co LLC increased its position in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on SCHW shares. JMP Securities reissued a "market outperform" rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Barclays dropped their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Piper Sandler lifted their price objective on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, The Goldman Sachs Group upgraded shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average target price of $88.33.

Charles Schwab Stock Up 0.5%

SCHW stock opened at $89.16 on Tuesday. The business's 50 day simple moving average is $79.06 and its 200 day simple moving average is $78.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.39. The firm has a market capitalization of $162.00 billion, a PE ratio of 29.82, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,412 shares of company stock valued at $3,014,797. 6.30% of the stock is 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.

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