2,472 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,472 shares of the financial services provider’s stock, valued at approximately $170,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after buying an additional 391,238 shares during the last quarter. Morgan Stanley grew its position in shares of Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after buying an additional 8,563,389 shares during the last quarter. Norges Bank bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $1,325,555,000. Finally, Invesco Ltd. grew its position in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after buying an additional 502,304 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Piper Sandler raised their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Down 0.8 %

Shares of NYSE:SCHW opened at $72.50 on Thursday. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $73.88. The stock has a market cap of $128.76 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s 50 day moving average is $68.17 and its 200 day moving average is $62.82. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. Sell-side analysts predict that The Charles Schwab Co. will post 3.41 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Activity

In other news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the transaction, the chairman now owns 61,331,688 shares of the company’s stock, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,584 shares of company stock worth $14,200,769. Insiders own 6.60% of the company’s stock.

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.