The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Thompson Investment Management Inc.

Thompson Investment Management Inc. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 126,446 shares of the financial services provider’s stock after buying an additional 4,403 shares during the quarter. Charles Schwab accounts for approximately 1.3% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Thompson Investment Management Inc.’s holdings in Charles Schwab were worth $9,358,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Washington Trust Advisors Inc. boosted its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $33,000. Finally, Planning Capital Management Corp purchased a new stake in Charles Schwab during the 3rd quarter valued at approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on SCHW shares. 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 note on Friday, January 17th. Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a research note on Wednesday, January 22nd. Morgan Stanley upped their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.50.

Charles Schwab Stock Performance

NYSE SCHW opened at $83.18 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.04. The company has a market capitalization of $148.04 billion, a P/E ratio of 27.82, a PEG ratio of 1.02 and a beta of 0.99. The business has a 50 day moving average price of $78.00 and a 200 day moving average price of $71.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 33.44%.

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.