AlTi Global Inc. Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

AlTi Global Inc. increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 162.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,617 shares of the financial services provider’s stock after acquiring an additional 32,531 shares during the quarter. AlTi Global Inc.’s holdings in Charles Schwab were worth $3,915,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SCHW. 1248 Management LLC purchased a new stake in Charles Schwab during the 4th quarter valued at about $6,937,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Charles Schwab by 42.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 287,752 shares of the financial services provider’s stock valued at $21,297,000 after purchasing an additional 86,101 shares during the last quarter. Davidson Kahn Capital Management LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $859,000. Freestone Grove Partners LP purchased a new position in Charles Schwab during the fourth quarter worth approximately $25,111,000. Finally, Utah Retirement Systems grew its holdings in Charles Schwab by 0.3% in the 4th quarter. Utah Retirement Systems now owns 247,370 shares of the financial services provider’s stock valued at $18,308,000 after buying an additional 800 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial reduced their target price on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.22.

Charles Schwab Trading Up 2.0 %

SCHW opened at $83.10 on Friday. The company has a market cap of $150.71 billion, a P/E ratio of 27.79, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50-day simple moving average is $76.90 and its 200-day simple moving average is $77.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business earned $0.74 EPS. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 503,041 shares of company stock worth $41,072,558. 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.