Nissay Asset Management Corp Japan ADV Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Nissay Asset Management Corp Japan ADV increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,192 shares of the financial services provider's stock after acquiring an additional 10,465 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Charles Schwab were worth $14,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Capital Investment Advisors LLC increased its holdings in shares of Charles Schwab by 6.2% in the 4th quarter. Capital Investment Advisors LLC now owns 7,027 shares of the financial services provider's stock valued at $520,000 after acquiring an additional 412 shares during the period. Eastern Bank grew its position in Charles Schwab by 37.2% during the 4th quarter. Eastern Bank now owns 2,317 shares of the financial services provider's stock worth $171,000 after purchasing an additional 628 shares during the last quarter. Wynn Capital LLC increased its stake in Charles Schwab by 1.1% in the fourth quarter. Wynn Capital LLC now owns 27,648 shares of the financial services provider's stock valued at $2,046,000 after purchasing an additional 295 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 25.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider's stock valued at $1,363,000 after buying an additional 3,789 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted its stake in shares of Charles Schwab by 1.5% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 179,530 shares of the financial services provider's stock worth $13,287,000 after buying an additional 2,628 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. 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 that occurred on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Insiders sold a total of 38,412 shares of company stock valued at $3,014,797 over the last 90 days. Insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 0.7%

Shares of NYSE:SCHW traded up $0.61 during trading on Friday, reaching $88.72. The stock had a trading volume of 6,562,751 shares, compared to its average volume of 9,442,608. The business has a fifty day moving average price of $78.76 and a 200-day moving average price of $78.41. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $161.19 billion, a P/E ratio of 29.67, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $88.87.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. 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. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, UBS Group raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.33.

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.