The Charles Schwab Co. (NYSE:SCHW) is Timucuan Asset Management Inc. FL’s 5th Largest Position

Timucuan Asset Management Inc. FL lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,279,993 shares of the financial services provider’s stock after buying an additional 651 shares during the period. Charles Schwab makes up approximately 7.4% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 5th biggest holding. Timucuan Asset Management Inc. FL’s holdings in Charles Schwab were worth $242,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SCHW. Oak Associates Ltd. OH lifted its position in Charles Schwab by 4.9% during the fourth quarter. Oak Associates Ltd. OH now owns 485,604 shares of the financial services provider’s stock valued at $35,940,000 after purchasing an additional 22,472 shares during the period. Covestor Ltd increased its holdings in Charles Schwab by 37.4% in the fourth quarter. Covestor Ltd now owns 1,278 shares of the financial services provider’s stock valued at $95,000 after buying an additional 348 shares in the last quarter. Argent Trust Co boosted its stake in shares of Charles Schwab by 5.8% during the 4th quarter. Argent Trust Co now owns 93,429 shares of the financial services provider’s stock worth $6,915,000 after acquiring an additional 5,094 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Charles Schwab by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 674,166 shares of the financial services provider’s stock valued at $49,895,000 after acquiring an additional 4,880 shares during the period. Finally, Legacy Financial Advisors Inc. increased its stake in shares of Charles Schwab by 52.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,638 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 2,281 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SCHW shares. Citigroup upgraded 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 research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial cut their price objective on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Morgan Stanley raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target for the company in a research note on Tuesday. Finally, Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.33.

Charles Schwab Stock Performance

Shares of SCHW opened at $73.76 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The stock has a 50 day moving average price of $77.87 and a 200 day moving average price of $76.05. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the business earned $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. Charles Schwab’s dividend payout ratio is 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now directly owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock valued at $41,903,066 over the last quarter. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.