Livforsakringsbolaget Skandia Omsesidigt Purchases 1,574 Shares of The Charles Schwab Co. (NYSE:SCHW)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 89.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,336 shares of the financial services provider’s stock after acquiring an additional 1,574 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Charles Schwab were worth $230,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Charles Schwab by 1.5% in the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after purchasing an additional 391,238 shares in the last quarter. Morgan Stanley increased its stake in shares of Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after purchasing an additional 8,563,389 shares in the last quarter. Norges Bank purchased a new position in shares of Charles Schwab in the fourth quarter worth about $1,325,555,000. Finally, Invesco Ltd. increased its stake in shares of Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after purchasing an additional 502,304 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 0.6 %

Shares of SCHW traded up $0.42 during trading hours on Thursday, reaching $72.92. 529,307 shares of the company traded hands, compared to its average volume of 7,649,284. The company’s fifty day moving average price is $68.17 and its two-hundred day moving average price is $62.82. The company has a market capitalization of $129.51 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities research analysts predict that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

Insider Activity

In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,584 shares of company stock valued at $14,200,769. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday. TD Cowen boosted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average target price of $74.47.

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.