5,674 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Parametrica Management Ltd

Parametrica Management Ltd purchased a new stake in The Charles Schwab Co. (NYSE:SCHWGet Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,674 shares of the financial services provider’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $1,127,795,000. State Street Corp increased its holdings in shares of Charles Schwab by 6.6% in the fourth quarter. State Street Corp now owns 69,667,441 shares of the financial services provider’s stock valued at $5,859,032,000 after purchasing an additional 4,305,161 shares during the period. DSM Capital Partners LLC increased its holdings in shares of Charles Schwab by 18.7% in the fourth quarter. DSM Capital Partners LLC now owns 7,092,911 shares of the financial services provider’s stock valued at $596,514,000 after purchasing an additional 1,119,428 shares during the period. Rathbones Group PLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $85,881,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Charles Schwab by 719.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 913,486 shares of the financial services provider’s stock valued at $77,015,000 after purchasing an additional 801,974 shares during the period. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $83.00 to $90.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group dropped their target price on Charles Schwab to $95.00 in a report on Friday, April 22nd. Piper Sandler dropped their target price on Charles Schwab from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. UBS Group raised their price objective on Charles Schwab from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Morgan Stanley dropped their price objective on Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $92.42.

Charles Schwab Price Performance

NYSE:SCHW opened at $74.00 on Monday. The Charles Schwab Co. has a 52 week low of $59.35 and a 52 week high of $96.24. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $134.52 billion, a P/E ratio of 24.67, a P/E/G ratio of 0.90 and a beta of 1.10. The stock’s fifty day moving average is $64.53 and its two-hundred day moving average is $74.01.

Charles Schwab (NYSE:SCHWGet Rating) last posted its earnings results on Monday, July 18th. The financial services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Charles Schwab had a return on equity of 16.82% and a net margin of 33.09%. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts expect that The Charles Schwab Co. will post 3.91 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. Charles Schwab’s payout ratio is presently 28.95%.

Insider Activity

In related news, Chairman Charles R. Schwab sold 120,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the completion of the transaction, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at approximately $4,456,923,223.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 120,000 shares of Charles Schwab stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the completion of the sale, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at approximately $4,456,923,223.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 149,600 shares of Charles Schwab stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $65.36, for a total value of $9,777,856.00. Following the sale, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at $4,558,809,672.80. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

Charles Schwab Company Profile

(Get Rating)

The Charles Schwab Corporation, together with 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, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

Further Reading

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

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