The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Teachers Retirement System of The State of Kentucky


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Teachers Retirement System of The State of Kentucky lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,696 shares of the financial services provider’s stock after acquiring an additional 17,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in The Charles Schwab were worth $6,349,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Joseph P. Lucia & Associates LLC purchased a new position in shares of The Charles Schwab in the fourth quarter worth approximately $26,000. Harvest Fund Management Co. Ltd purchased a new position in shares of The Charles Schwab in the fourth quarter worth approximately $35,000. Liberty Wealth Management LLC increased its position in shares of The Charles Schwab by 37.6% in the fourth quarter. Liberty Wealth Management LLC now owns 768 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. RWM Asset Management LLC purchased a new position in shares of The Charles Schwab in the fourth quarter worth approximately $47,000. Finally, Ellevest Inc. increased its position in shares of The Charles Schwab by 624.4% in the fourth quarter. Ellevest Inc. now owns 920 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 793 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.

SCHW has been the topic of several analyst reports. Wolfe Research raised shares of The Charles Schwab from a “peer perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research report on Monday. The Goldman Sachs Group raised shares of The Charles Schwab from a “buy” rating to a “conviction-buy” rating and boosted their price objective for the company from $67.00 to $77.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Charles Schwab from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Bank of America raised shares of The Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $68.00 in a research report on Tuesday, January 12th. Finally, Credit Suisse Group boosted their price objective on shares of The Charles Schwab from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, February 4th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $60.07.

In related news, Chairman Charles R. Schwab sold 325,000 shares of the company’s stock in a transaction on Friday, February 12th. The shares were sold at an average price of $57.82, for a total transaction of $18,791,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan M. Craig sold 2,241 shares of the company’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $67.94, for a total transaction of $152,253.54. The disclosure for this sale can be found here. Insiders sold 1,372,113 shares of company stock valued at $81,135,176 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Shares of The Charles Schwab stock opened at $67.05 on Thursday. The firm has a fifty day simple moving average of $64.70 and a 200-day simple moving average of $52.26. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.30. The Charles Schwab Co. has a 1-year low of $31.63 and a 1-year high of $68.89. The stock has a market capitalization of $120.89 billion, a price-to-earnings ratio of 31.04 and a beta of 1.17.

The Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, January 18th. The financial services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The Charles Schwab’s revenue for the quarter was up 60.2% on a year-over-year basis. As a group, research analysts predict that The Charles Schwab Co. will post 2.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 12th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, February 11th. The Charles Schwab’s payout ratio is 26.47%.

The Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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