OMERS ADMINISTRATION Corp Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

OMERS ADMINISTRATION Corp lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 20.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,943 shares of the financial services provider’s stock after acquiring an additional 10,690 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Charles Schwab were worth $4,658,000 as of its most recent SEC filing.

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

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction dated 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 three months, insiders have sold 38,412 shares of company stock worth $3,014,797. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SCHW. Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, Barclays cut their target price on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.61.

Charles Schwab Stock Performance

SCHW stock opened at $86.21 on Wednesday. The company has a market cap of $156.35 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $87.00. 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 price is $77.86 and its 200-day moving average price is $78.08.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the business earned $0.74 earnings per share. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.25%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Charles Schwab Company 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.