The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Man Group plc

Man Group plc grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,100 shares of the financial services provider’s stock after purchasing an additional 101,187 shares during the period. Man Group plc’s holdings in Charles Schwab were worth $34,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC raised its position in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners acquired a new position in Charles Schwab during the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Charles Schwab during the fourth quarter worth $46,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,412 shares of company stock valued at $3,014,797. 6.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Barclays reduced their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Charles Schwab Stock Up 1.0%

Charles Schwab stock opened at $88.06 on Friday. The stock has a market cap of $159.70 billion, a PE ratio of 29.45, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day moving average is $78.44 and its two-hundred day moving average is $78.25. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $88.37.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating 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 the consensus estimate of $5.46 billion. During the same quarter in the prior year, the business posted $0.74 EPS. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio is currently 32.73%.

About Charles Schwab

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.