Boston Partners Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Boston Partners boosted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 424.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,451,090 shares of the financial services provider's stock after buying an additional 3,602,830 shares during the period. Boston Partners owned approximately 0.25% of Charles Schwab worth $305,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter valued at $28,000. Sugarloaf Wealth Management LLC grew its holdings in shares of Charles Schwab by 60.0% during the fourth 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. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $31,000. Hall Laurie J Trustee purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in Charles Schwab by 81.0% in the 4th 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. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 1.9 %

Shares of NYSE SCHW traded down $1.41 during midday trading on Monday, hitting $74.70. The stock had a trading volume of 5,486,648 shares, compared to its average volume of 7,509,379. The company has a market cap of $132.76 billion, a P/E ratio of 31.31, a PEG ratio of 1.12 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The business's 50 day moving average is $71.78 and its 200-day moving average is $65.71. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $77.05.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. As a group, analysts predict that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Charles Schwab's payout ratio is 41.84%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SCHW shares. Piper Sandler raised their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a report on Tuesday, April 16th. TD Cowen boosted their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. Finally, Raymond James lowered their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.47.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the sale, the chairman now directly owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company's stock, valued at $5,522,038.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares of the company's stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 659,587 shares of company stock valued at $47,399,731. 6.60% of the stock is owned by insiders.

Charles Schwab 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.

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