Public Employees Retirement Association of Colorado Increases Stake in The Charles Schwab Co. (NYSE:SCHW)

Public Employees Retirement Association of Colorado increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 216,365 shares of the financial services provider’s stock after purchasing an additional 6,401 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Charles Schwab were worth $16,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in Charles Schwab by 0.6% during the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock worth $432,536,000 after buying an additional 38,201 shares during the period. Anchor Investment Management LLC grew its position in Charles Schwab by 11.2% during the third quarter. Anchor Investment Management LLC now owns 36,229 shares of the financial services provider’s stock valued at $2,348,000 after acquiring an additional 3,637 shares during the period. Sculati Wealth Management LLC increased its stake in Charles Schwab by 0.7% during the third quarter. Sculati Wealth Management LLC now owns 42,988 shares of the financial services provider’s stock worth $2,786,000 after acquiring an additional 315 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $9,211,000. Finally, Sfmg LLC lifted its stake in shares of Charles Schwab by 2.5% in the 3rd quarter. Sfmg LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,794,000 after purchasing an additional 1,444 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock valued at $40,288,720 over the last three months. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Trading Up 0.7 %

Charles Schwab stock opened at $79.96 on Monday. 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 capitalization of $145.01 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50 day simple moving average of $76.82 and a 200-day simple moving average of $77.10. 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 posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

Several research analysts recently commented on SCHW shares. UBS Group raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Truist Financial lowered their price target on Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, Piper Sandler upped their target price on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.22.

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.