Mufg Securities Americas Inc. Takes $1.63 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Mufg Securities Americas Inc. acquired a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,067 shares of the financial services provider's stock, valued at approximately $1,633,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Norges Bank purchased a new position in Charles Schwab in the fourth quarter worth $1,289,544,000. Kovitz Investment Group Partners LLC boosted its position in Charles Schwab by 354.5% in the fourth 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 during the last quarter. FMR LLC boosted its position in Charles Schwab by 69.4% in the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock worth $717,898,000 after purchasing an additional 3,974,940 shares during the last quarter. Marshall Wace LLP boosted its position in 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 worth $309,451,000 after purchasing an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Charles Schwab by 310.3% during the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after buying an additional 3,216,000 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

NYSE SCHW traded up $0.61 during trading on Friday, reaching $88.72. The company's stock had a trading volume of 6,562,751 shares, compared to its average volume of 9,430,706. The stock has a market capitalization of $160.89 billion, a PE ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90. 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 firm has a fifty day moving average of $78.76 and a 200 day moving average of $78.36. 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 announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the company earned $0.74 EPS. Analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Truist Financial upped their price target on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and upped their price target for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, UBS Group upped their price target on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.33.

Insiders Place Their Bets

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10% 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 in the last ninety days. 6.30% of the stock is currently owned by 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.