Voya Investment Management LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 452,751 shares of the financial services provider's stock after selling 45,239 shares during the quarter. Voya Investment Management LLC's holdings in Charles Schwab were worth $33,508,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. Gladstone Institutional Advisory LLC grew its position in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after acquiring an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC grew its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after buying an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after buying an additional 130 shares in the last quarter. Institutional investors own 84.38% of the company's stock.
Charles Schwab Stock Performance
Shares of SCHW stock traded up $0.36 during trading hours on Thursday, hitting $81.76. The company's stock had a trading volume of 2,751,870 shares, compared to its average volume of 9,327,320. The company has a 50 day moving average of $76.79 and a 200 day moving average of $77.25. The stock has a market cap of $148.28 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the firm earned $0.74 EPS. On average, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.
Charles Schwab Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and increased their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Morgan Stanley raised Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Truist Financial dropped their price objective on Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $87.22.
Read Our Latest Analysis on SCHW
Insider Buying and Selling
In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The shares were 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 directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company's stock, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 493,482 shares of company stock valued at $40,288,720. Corporate insiders own 6.30% of the company's stock.
About Charles Schwab
(
Free Report)
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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