Giverny Capital Inc. Acquires 29,343 Shares of The Charles Schwab Co. (NYSE:SCHW)

Giverny Capital Inc. increased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 833,904 shares of the financial services provider's stock after acquiring an additional 29,343 shares during the quarter. Charles Schwab comprises about 2.7% of Giverny Capital Inc.'s investment portfolio, making the stock its 17th biggest position. Giverny Capital Inc.'s holdings in Charles Schwab were worth $57,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. increased its holdings in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider's stock worth $4,058,000 after purchasing an additional 607 shares during the period. Brown Advisory Inc. increased its holdings in shares of Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider's stock worth $302,254,000 after purchasing an additional 857,734 shares during the period. Bamco Inc. NY boosted its position in shares of Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider's stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider's stock valued at $91,462,000 after acquiring an additional 152,967 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider's stock valued at $60,776,000 after acquiring an additional 160,719 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 58,500 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the transaction, the chairman now owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now directly owns 585,057 shares of the company's stock, valued at $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the completion of the sale, the chairman now owns 61,192,538 shares of the company's stock, valued at approximately $3,953,037,954.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 672,036 shares of company stock worth $49,281,565. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Up 0.3 %

NYSE:SCHW traded up $0.24 during trading hours on Tuesday, hitting $78.90. The stock had a trading volume of 5,817,387 shares, compared to its average volume of 7,480,739. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $140.23 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 1.15 and a beta of 0.98. The business's 50 day moving average is $72.98 and its 200-day moving average is $66.79.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.4 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, May 9th. Charles Schwab's payout ratio is 41.84%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SCHW shares. JPMorgan Chase & Co. lifted their target price 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. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 16th. Finally, JMP Securities restated a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and an average target price of $74.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.