Dimensional Fund Advisors LP Boosts Stake in The Charles Schwab Co. (NYSE:SCHW)

Dimensional Fund Advisors LP lifted its holdings in The Charles Schwab Co. (NYSE:SCHWFree Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,553,671 shares of the financial services provider’s stock after purchasing an additional 309,883 shares during the period. Dimensional Fund Advisors LP owned about 0.26% of Charles Schwab worth $313,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SCHW. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after acquiring an additional 4,624,302 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Charles Schwab by 134.3% in the third quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock worth $290,986,000 after acquiring an additional 3,038,517 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Charles Schwab by 31.1% in the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock worth $397,877,000 after acquiring an additional 1,717,137 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Charles Schwab by 3,123.9% in the third quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock worth $74,686,000 after acquiring an additional 1,318,203 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SCHW shares. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TD Cowen lifted their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.47.

View Our Latest Report on SCHW

Charles Schwab Trading Down 1.5 %

Shares of SCHW stock traded down $1.17 on Monday, hitting $74.94. The stock had a trading volume of 1,835,935 shares, compared to its average volume of 7,468,103. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $133.19 billion, a P/E ratio of 31.60, a P/E/G ratio of 1.12 and a beta of 0.98. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $77.05. The company’s 50 day moving average price is $71.78 and its 200-day moving average price is $65.59.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 65,790 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the completion of the transaction, the chairman now directly owns 60,906,686 shares of the company’s stock, valued at approximately $4,653,270,810.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 65,790 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $76.40, for a total transaction of $5,026,356.00. Following the completion of the transaction, the chairman now directly owns 60,906,686 shares of the company’s stock, valued at approximately $4,653,270,810.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the sale, the chairman now directly owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Insiders sold 659,587 shares of company stock valued at $47,399,731 in the last three months. 6.60% of the stock is owned by corporate insiders.

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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