Mizuho Markets Americas LLC Acquires Shares of 33,256 The Charles Schwab Co. (NYSE:SCHW)

Mizuho Markets Americas LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,256 shares of the financial services provider's stock, valued at approximately $2,288,000.

Several other institutional investors and hedge funds have also bought and sold shares of SCHW. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab in the third quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after acquiring an additional 165 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth $31,000. Hall Laurie J Trustee bought a new position in shares of Charles Schwab in the fourth quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in shares of Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider's stock worth $41,000 after acquiring an additional 268 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 0.9 %

Shares of SCHW traded up $0.74 during trading hours on Friday, hitting $78.78. The company had a trading volume of 6,467,194 shares, compared to its average volume of 6,665,524. The firm has a market cap of $140.01 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.14 and a beta of 0.98. The stock's 50 day moving average price is $72.74 and its 200 day moving average price is $66.53. 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 Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.22.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. Charles Schwab's payout ratio is presently 41.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 16th. TD Cowen increased their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Morgan Stanley increased their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $74.47.

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 65,360 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total value of $5,025,530.40. Following the sale, the chairman now directly owns 60,741,536 shares of the company's stock, valued at $4,670,416,703.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 65,360 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total value of $5,025,530.40. Following the sale, the chairman now directly owns 60,741,536 shares of the company's stock, valued at $4,670,416,703.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. Insiders have sold 672,036 shares of company stock valued at $49,281,565 over the last ninety days. 6.60% of the stock is owned by 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.

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