MML Investors Services LLC Purchases 12,351 Shares of The Charles Schwab Co. (NYSE:SCHW)

MML Investors Services LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 597,659 shares of the financial services provider’s stock after buying an additional 12,351 shares during the quarter. MML Investors Services LLC’s holdings in Charles Schwab were worth $44,233,000 as of its most recent filing with the Securities and Exchange Commission.

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

Charles Schwab Price Performance

NYSE:SCHW opened at $76.52 on Monday. 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 firm has a market cap of $138.77 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company’s 50-day moving average price is $77.16 and its two-hundred day moving average price is $76.67.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the company earned $0.74 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal 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 paid a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCHW shares. JPMorgan Chase & Co. reaffirmed an “outperform” rating and set a $92.00 target price on shares of Charles Schwab in a research report on Wednesday, April 16th. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Morgan Stanley raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price objective for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on Charles Schwab from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Truist Financial cut their price target on Charles Schwab from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, April 4th. Finally, Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.44.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 over the last ninety days. 6.30% of the stock is owned by insiders.

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.