The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,943 shares of the financial services provider's stock after buying an additional 10,690 shares during the period. OMERS ADMINISTRATION Corp's holdings in Charles Schwab were worth $4,658,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Trust Co. of Toledo NA OH raised its position in Charles Schwab by 13.5% in the fourth quarter. Trust Co. of Toledo NA OH now owns 7,007 shares of the financial services provider's stock valued at $519,000 after purchasing an additional 835 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of Charles Schwab by 6.2% during the 4th quarter. Capital Investment Advisors LLC now owns 7,027 shares of the financial services provider's stock valued at $520,000 after buying an additional 412 shares during the period. Wedmont Private Capital lifted its position in Charles Schwab by 13.7% during the 4th quarter. Wedmont Private Capital now owns 14,568 shares of the financial services provider's stock worth $1,060,000 after acquiring an additional 1,751 shares in the last quarter. Cooper Financial Group boosted its holdings in Charles Schwab by 12.6% in the 4th quarter. Cooper Financial Group now owns 13,950 shares of the financial services provider's stock worth $1,032,000 after acquiring an additional 1,566 shares during the period. Finally, Eastern Bank grew its position in Charles Schwab by 37.2% in the fourth quarter. Eastern Bank now owns 2,317 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 628 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCHW. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Friday, April 25th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.33.

Insider Activity

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. The trade was a 5.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,412 shares of company stock valued at $3,014,797. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.61 on Friday, reaching $88.72. 6,562,751 shares of the company's stock were exchanged, compared to its average volume of 9,430,706. The business's 50-day moving average is $78.76 and its two-hundred day moving average is $78.36. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $88.87. The firm has a market capitalization of $160.89 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter last year, the company posted $0.74 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

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.