Ninety One UK Ltd Sells 287,863 Shares of The Charles Schwab Co. (NYSE:SCHW)

Ninety One UK Ltd lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,789,795 shares of the financial services provider's stock after selling 287,863 shares during the period. Charles Schwab makes up approximately 1.4% of Ninety One UK Ltd's investment portfolio, making the stock its 24th largest position. Ninety One UK Ltd owned about 0.38% of Charles Schwab worth $467,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC raised its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $32,000. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab in the third quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider's stock worth $41,000 after buying an additional 268 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of several analyst reports. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a research note on Tuesday. Piper Sandler raised their target price on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Finally, Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $74.47.

Charles Schwab Trading Up 0.6 %

Shares of SCHW traded up $0.42 during trading hours on Thursday, hitting $72.92. 8,207,565 shares of the stock were exchanged, compared to its average volume of 7,756,188. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The business has a 50-day moving average of $68.17 and a 200-day moving average of $62.82. The firm has a market capitalization of $129.51 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.49 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The firm's revenue was down 18.9% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Co. will post 3.41 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Insider Activity

In related news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now directly owns 61,251,038 shares of the company's stock, valued at $3,980,704,959.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company's stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the transaction, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 in the last quarter. 6.60% of the stock is owned by corporate 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.