Benjamin F. Edwards & Company Inc. Purchases 2,897 Shares of The Charles Schwab Co. (NYSE:SCHW)

Benjamin F. Edwards & Company Inc. grew its position in The Charles Schwab Co. (NYSE:SCHW) by 90.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,087 shares of the financial services provider’s stock after purchasing an additional 2,897 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Charles Schwab were worth $419,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Fisher Asset Management LLC grew its stake in Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after purchasing an additional 502,304 shares during the period. Northern Trust Corp lifted its holdings in shares of Charles Schwab by 2.3% during the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after purchasing an additional 356,112 shares during the period. Finally, Bamco Inc. NY increased its holdings in Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after buying an additional 42,588 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 1.1 %

SCHW stock opened at $76.40 on Thursday. The Charles Schwab Co. has a fifty-two week low of $46.55 and a fifty-two week high of $77.05. The company’s 50 day moving average price is $71.20 and its 200 day moving average price is $65.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $135.68 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.11 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.42 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,587 shares of company stock valued at $47,399,731. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Morgan Stanley lifted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.47.

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.