Man Group plc Has $34.42 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Man Group plc grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,100 shares of the financial services provider's stock after purchasing an additional 101,187 shares during the period. Man Group plc's holdings in Charles Schwab were worth $34,422,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SCHW. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Charles Schwab by 5.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 190,192 shares of the financial services provider's stock valued at $14,215,000 after acquiring an additional 10,465 shares during the last quarter. Nearwater Capital Markets Ltd purchased a new position in Charles Schwab during the 4th quarter worth $7,401,000. NorthRock Partners LLC increased its stake in shares of Charles Schwab by 47.4% during the fourth quarter. NorthRock Partners LLC now owns 7,525 shares of the financial services provider's stock worth $557,000 after acquiring an additional 2,420 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Charles Schwab by 20.5% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 62,943 shares of the financial services provider's stock valued at $4,658,000 after purchasing an additional 10,690 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Charles Schwab by 0.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,135 shares of the financial services provider's stock valued at $15,256,000 after buying an additional 580 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 0.5%

Shares of NYSE:SCHW traded up $0.47 during trading on Monday, reaching $89.16. 6,794,662 shares of the stock were exchanged, compared to its average volume of 9,432,016. The firm has a market cap of $162.00 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.39. The firm's 50-day moving average price is $78.76 and its 200 day moving average price is $78.47.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Morgan Stanley lifted their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Truist Financial increased their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday. Finally, JMP Securities restated a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.33.

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.