Tokio Marine Asset Management Co. Ltd. Purchases 1,393 Shares of The Charles Schwab Co. (NYSE:SCHW)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,994 shares of the financial services provider’s stock after purchasing an additional 1,393 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charles Schwab were worth $2,408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Investment Research & Advisory Group Inc. grew its stake in shares of Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after acquiring an additional 607 shares during the period. Bamco Inc. NY grew its stake in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares during the period. Wright Investors Service Inc. grew its stake in shares of Charles Schwab by 9.3% in the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock worth $3,245,000 after acquiring an additional 4,001 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after buying an additional 160,719 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at approximately $38,198,371.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold a total of 389,167 shares of company stock worth $26,987,035 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCHW shares. Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, TD Cowen boosted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Down 0.6 %

Shares of SCHW stock traded down $0.46 during mid-day trading on Thursday, hitting $74.73. 2,618,459 shares of the stock traded hands, compared to its average volume of 7,710,093. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $75.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $132.72 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.10 and a beta of 1.01. The stock’s fifty day moving average is $69.27 and its two-hundred day moving average is $63.60.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Charles Schwab Company 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.