MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,135 shares of the financial services provider’s stock after purchasing an additional 580 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Charles Schwab were worth $15,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC raised its position in shares of Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares during the last quarter. Klingman & Associates LLC raised its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 1.0%

SCHW opened at $88.06 on Friday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $88.37. 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 company has a market cap of $159.70 billion, a P/E ratio of 29.45, a PEG ratio of 0.99 and a beta of 0.90. The company’s 50 day moving average is $78.44 and its 200-day moving average is $78.25.

Charles Schwab (NYSE:SCHW) last posted its 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 during 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 prior year, the business posted $0.74 EPS. Equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, May 9th. Charles Schwab’s dividend payout ratio is 32.73%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SCHW. Truist Financial boosted their price target on Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Finally, Morgan Stanley upped their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Insider Transactions at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,412 shares of company stock worth $3,014,797. Insiders own 6.30% 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.