UniSuper Management Pty Ltd Purchases 17,830 Shares of The Charles Schwab Co. (NYSE:SCHW)

UniSuper Management Pty Ltd raised its position in The Charles Schwab Co. (NYSE:SCHW) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,398 shares of the financial services provider’s stock after purchasing an additional 17,830 shares during the period. UniSuper Management Pty Ltd’s holdings in Charles Schwab were worth $7,060,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc bought a new position in shares of Charles Schwab during the 4th quarter valued at about $41,000. Knuff & Co LLC increased its stake in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab during the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter valued at about $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now directly owns 49,204 shares of the company’s stock, valued at $3,936,320. This represents a 14.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 509,701 shares of company stock worth $41,641,353. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.6 %

Charles Schwab stock opened at $79.63 on Friday. The company’s 50-day moving average price is $79.52 and its two-hundred day moving average price is $75.17. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $144.42 billion, a P/E ratio of 26.63, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is presently 36.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SCHW shares. Jefferies Financial Group boosted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Truist Financial raised their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average price target of $86.33.

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.