Xponance Inc. Has $13.27 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Xponance Inc. grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 192,922 shares of the financial services provider's stock after acquiring an additional 14,972 shares during the quarter. Xponance Inc.'s holdings in Charles Schwab were worth $13,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. lifted its holdings in shares of Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider's stock valued at $4,058,000 after buying an additional 607 shares during the period. Bamco Inc. NY raised its position in shares of Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider's stock worth $444,826,000 after purchasing an additional 42,588 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Charles Schwab by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider's stock worth $30,287,000 after purchasing an additional 166,316 shares during the period. Wright Investors Service Inc. raised its position in shares of Charles Schwab by 9.3% during the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider's stock worth $3,245,000 after purchasing an additional 4,001 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider's stock worth $60,776,000 after purchasing an additional 160,719 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insiders Place Their Bets

In other news, CFO Peter B. Crawford sold 4,000 shares of the 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 transaction, the chief financial officer now directly owns 37,611 shares of the company's stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Peter B. Crawford sold 4,000 shares of the 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 transaction, the chief financial officer now directly owns 37,611 shares of the company's stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joseph R. Martinetto sold 43,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the transaction, the chief operating officer now directly owns 41,414 shares of the company's stock, valued at $2,933,353.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 312,800 shares of company stock worth $21,081,569. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SCHW shares. The Goldman Sachs Group reissued a "neutral" rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Citigroup upped their price target on Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $74.47.

Charles Schwab Stock Performance

NYSE:SCHW traded up $0.49 during mid-day trading on Friday, hitting $73.42. 8,215,671 shares of the company's stock traded hands, compared to its average volume of 7,765,707. The firm has a 50 day moving average of $68.38 and a two-hundred day moving average of $62.89. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88. The firm has a market capitalization of $130.40 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company earned $1.07 EPS. The company's quarterly revenue was down 18.9% on a year-over-year basis. On average, equities analysts forecast that The Charles Schwab Co. will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab's dividend payout ratio is currently 41.84%.

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.