Mn Services Vermogensbeheer B.V. Has $44.10 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Mn Services Vermogensbeheer B.V. raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 595,800 shares of the financial services provider’s stock after purchasing an additional 11,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Charles Schwab were worth $44,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the third quarter valued at about $25,000. Washington Trust Advisors Inc. lifted its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the third quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab during the third quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays upped their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.33.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares in the company, valued at approximately $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 quarter, insiders have sold 487,820 shares of company stock valued at $39,938,849. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.4 %

NYSE SCHW opened at $78.68 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $78.17 and its 200-day moving average price is $73.38. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The stock has a market cap of $140.15 billion, a P/E ratio of 26.31, a P/E/G ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the company posted $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 36.12%.

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.