Fosun International Ltd Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Fosun International Ltd raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 9.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,359 shares of the financial services provider’s stock after acquiring an additional 3,247 shares during the period. Charles Schwab makes up 0.5% of Fosun International Ltd’s investment portfolio, making the stock its 7th largest position. Fosun International Ltd’s holdings in Charles Schwab were worth $2,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC grew its stake in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the 4th quarter worth approximately $31,000. BluePath Capital Management LLC purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $34,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Piper Sandler lifted their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. increased their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Up 0.0 %

Shares of NYSE:SCHW traded up $0.03 during trading on Thursday, reaching $76.18. 485,906 shares of the company traded hands, compared to its average volume of 7,494,375. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 52-week low of $46.55 and a 52-week high of $77.05. The firm has a market capitalization of $135.30 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 1.11 and a beta of 0.98. The business’s fifty day moving average is $71.20 and its 200-day moving average is $65.15.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. As a group, analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s payout ratio is presently 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 13,113 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $76.38, for a total transaction of $1,001,570.94. Following the transaction, the director now owns 1,700,886 shares in the company, valued at approximately $129,913,672.68. The disclosure for this sale can be found here. Insiders have sold a total of 659,587 shares of company stock worth $47,399,731 in the last 90 days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.