Los Angeles Capital Management LLC Has $87.97 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Los Angeles Capital Management LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 13,948.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,188,624 shares of the financial services provider’s stock after purchasing an additional 1,180,163 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Charles Schwab were worth $87,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SCHW. International Assets Investment Management LLC lifted its stake in shares of Charles Schwab by 7,559.9% during the 3rd quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock worth $57,667,000 after buying an additional 878,163 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Charles Schwab by 20.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 10,765 shares of the financial services provider’s stock valued at $698,000 after buying an additional 1,836 shares during the period. State of Alaska Department of Revenue increased its holdings in Charles Schwab by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 173,612 shares of the financial services provider’s stock valued at $11,251,000 after buying an additional 11,265 shares during the period. Cavalier Investments LLC increased its holdings in Charles Schwab by 6.0% in the 3rd quarter. Cavalier Investments LLC now owns 9,754 shares of the financial services provider’s stock valued at $632,000 after buying an additional 552 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of Charles Schwab by 27.6% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 56,569 shares of the financial services provider’s stock valued at $3,666,000 after purchasing an additional 12,244 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Redburn Partners decreased their price target 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. Morgan Stanley increased their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $80.16 on Tuesday. The business’s fifty day simple moving average is $78.03 and its 200 day simple moving average is $73.22. The firm has a market capitalization of $142.78 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. As a group, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.35%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is 36.12%.

Insiders Place Their Bets

In other news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock valued at $39,938,849 over the last 90 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.