MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in The Charles Schwab Co. (NYSE:SCHW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,135 shares of the financial services provider’s stock after purchasing an additional 580 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Charles Schwab were worth $15,256,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC boosted its holdings in Charles Schwab by 6.2% during the 4th quarter. Capital Investment Advisors LLC now owns 7,027 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 412 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Charles Schwab by 25.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider’s stock worth $1,363,000 after acquiring an additional 3,789 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $257,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Charles Schwab by 3.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,992 shares of the financial services provider’s stock worth $444,000 after buying an additional 172 shares during the period. Finally, ARS Wealth Advisors Group LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $203,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SCHW shares. JMP Securities restated a “market outperform” rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Wells Fargo & Company lowered their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and increased their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, UBS Group raised their target price on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

Charles Schwab Trading Up 1.0%

Charles Schwab stock opened at $88.06 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50-day simple moving average is $78.44 and its 200-day simple moving average is $78.25. The firm has a market capitalization of $159.70 billion, a PE ratio of 29.45, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $88.37.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company 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 period in the previous year, the business earned $0.74 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, May 9th. Charles Schwab’s payout ratio is currently 32.73%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were 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 owns 172,162 shares of the company’s stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock valued at $3,014,797 in the last three months. 6.30% of the stock is owned by corporate insiders.

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.