UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,653,684 shares of the financial services provider’s stock after purchasing an additional 2,511,082 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Charles Schwab worth $862,489,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Waverly Advisors LLC increased its stake in shares of Charles Schwab by 6.4% during the fourth quarter. Waverly Advisors LLC now owns 40,169 shares of the financial services provider’s stock valued at $2,973,000 after buying an additional 2,433 shares during the period. Woodline Partners LP purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $6,644,000. Victrix Investment Advisors acquired a new position in shares of Charles Schwab in the fourth quarter worth about $3,248,000. Vident Advisory LLC increased its position in shares of Charles Schwab by 46.5% in the fourth quarter. Vident Advisory LLC now owns 47,194 shares of the financial services provider’s stock valued at $3,493,000 after buying an additional 14,987 shares in the last quarter. Finally, Sovereign s Capital Management LLC purchased a new position in Charles Schwab during the fourth quarter valued at $629,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial raised their target price on Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Wells Fargo & Company dropped their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. UBS Group raised their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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 $3,613,038.78. This trade represents a 17.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,412 shares of company stock worth $3,014,797 over the last three months. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 0.5%

Shares of NYSE SCHW opened at $89.16 on Tuesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.39. 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 firm has a market capitalization of $162.00 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The firm’s 50-day moving average is $79.06 and its 200-day moving average is $78.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter last year, the business posted $0.74 EPS. Equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, May 9th. Charles Schwab’s payout ratio is presently 32.73%.

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.