Mercer Global Advisors Inc. ADV Buys 86,101 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mercer Global Advisors Inc. ADV lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,752 shares of the financial services provider's stock after purchasing an additional 86,101 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Charles Schwab were worth $21,297,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC increased its stake in Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock worth $814,545,000 after purchasing an additional 8,584,173 shares in the last quarter. FMR LLC raised its holdings in Charles Schwab by 69.4% during the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after buying an additional 3,974,940 shares during the period. Marshall Wace LLP boosted its holdings in shares of Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after buying an additional 3,684,640 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of Charles Schwab by 310.3% during the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after acquiring an additional 3,216,000 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

SCHW has been the topic of several research reports. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Friday, April 25th. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Truist Financial cut their price objective on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.22.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded up $0.24 during trading on Monday, reaching $83.35. The company's stock had a trading volume of 5,242,597 shares, compared to its average volume of 9,371,475. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The firm has a market cap of $151.16 billion, a PE ratio of 27.88, a P/E/G ratio of 0.99 and a beta of 0.90. The business's 50-day moving average price is $76.90 and its 200-day moving average price is $77.49. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the business posted $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. Charles Schwab's payout ratio is 32.73%.

Insider Transactions at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the company's stock in a transaction on Thursday, May 1st. The stock was 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. In the last three months, insiders have sold 503,041 shares of company stock valued at $41,072,558. 6.30% of the stock is owned by corporate insiders.

About Charles Schwab

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.