Nearwater Capital Markets Ltd Purchases Shares of 100,000 The Charles Schwab Co. (NYSE:SCHW)

Nearwater Capital Markets Ltd purchased a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the financial services provider’s stock, valued at approximately $7,401,000.

Other large investors have also recently modified their holdings of the company. NorthRock Partners LLC raised its holdings in Charles Schwab by 47.4% in the fourth quarter. NorthRock Partners LLC now owns 7,525 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 2,420 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in Charles Schwab by 20.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 62,943 shares of the financial services provider’s stock valued at $4,658,000 after purchasing an additional 10,690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Charles Schwab by 0.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,135 shares of the financial services provider’s stock valued at $15,256,000 after acquiring an additional 580 shares during the period. Moore Capital Management LP acquired a new position in shares of Charles Schwab in the 4th quarter valued at $45,565,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Charles Schwab during the 4th quarter valued at about $2,100,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan M. Craig sold 9,559 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,412 shares of company stock valued at $3,014,797. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 1.0%

Shares of NYSE SCHW opened at $86.21 on Wednesday. The stock’s 50-day simple moving average is $77.86 and its 200-day simple moving average is $78.08. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $87.00. The firm has a market cap of $156.35 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.74 EPS. As a group, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.25%. Charles Schwab’s payout ratio is presently 32.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, April 25th. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and increased their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Morgan Stanley increased their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.61.

Charles Schwab Profile

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.