The Charles Schwab Co. (NYSE:SCHW) is Fiduciary Management Inc. WI’s 4th Largest Position

Fiduciary Management Inc. WI lifted its position in The Charles Schwab Co. (NYSE:SCHW) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,156,267 shares of the financial services provider’s stock after acquiring an additional 273,319 shares during the period. Charles Schwab accounts for about 3.3% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 4th largest holding. Fiduciary Management Inc. WI’s holdings in Charles Schwab were worth $354,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cresset Asset Management LLC raised its position in shares of Charles Schwab by 5.6% in the 4th quarter. Cresset Asset Management LLC now owns 307,866 shares of the financial services provider’s stock worth $21,181,000 after acquiring an additional 16,310 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Charles Schwab in the 4th quarter worth approximately $8,479,000. Future Fund LLC raised its position in shares of Charles Schwab by 9.7% in the 4th quarter. Future Fund LLC now owns 4,516 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 400 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Charles Schwab by 3.1% in the 4th quarter. State of Tennessee Treasury Department now owns 678,430 shares of the financial services provider’s stock worth $46,676,000 after acquiring an additional 20,608 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Charles Schwab in the 4th quarter worth approximately $254,000. Institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SCHW shares. Piper Sandler raised their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, May 28th. Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.65.

Charles Schwab Stock Up 0.2 %

Shares of Charles Schwab stock traded up $0.18 on Monday, reaching $74.11. The company’s stock had a trading volume of 5,254,954 shares, compared to its average volume of 7,461,222. The company has a market capitalization of $131.71 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.13 and a beta of 0.96. The firm’s fifty day simple moving average is $73.99 and its two-hundred day simple moving average is $68.67. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Equities analysts anticipate that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold a total of 655,476 shares of company stock worth $48,718,705 in the last ninety days. Insiders own 6.60% of the company’s stock.

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.