Schroder Investment Management Group Has $374 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Schroder Investment Management Group lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,436,068 shares of the financial services provider’s stock after acquiring an additional 142,446 shares during the period. Schroder Investment Management Group owned approximately 0.31% of Charles Schwab worth $374,001,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SCHW. WealthPlan Investment Management LLC acquired a new stake in Charles Schwab during the third quarter worth about $1,458,000. Jump Financial LLC bought a new position in shares of Charles Schwab in the third quarter worth about $421,000. Spire Wealth Management lifted its holdings in shares of Charles Schwab by 14.0% in the third quarter. Spire Wealth Management now owns 17,585 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 2,158 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Charles Schwab by 8.4% in the third quarter. Atria Wealth Solutions Inc. now owns 107,001 shares of the financial services provider’s stock worth $5,874,000 after acquiring an additional 8,289 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of Charles Schwab by 5.0% in the third quarter. Soltis Investment Advisors LLC now owns 5,610 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 268 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Peter B. Crawford sold 6,114 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $71.02, for a total value of $434,216.28. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,301,468.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 655,476 shares of company stock worth $48,718,705. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SCHW. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Barclays raised their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Morgan Stanley raised their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.65.

Charles Schwab Stock Down 0.4 %

NYSE:SCHW traded down $0.32 during trading hours on Friday, hitting $73.93. 5,371,097 shares of the company traded hands, compared to its average volume of 6,860,721. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm’s 50-day simple moving average is $73.96 and its 200-day simple moving average is $68.37. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a market cap of $131.39 billion, a PE ratio of 30.93, a PEG ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Equities analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.