The Charles Schwab Co. (NYSE:SCHW) is Beck Mack & Oliver LLC’s 10th Largest Position

Beck Mack & Oliver LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,123,211 shares of the financial services provider’s stock after acquiring an additional 29,993 shares during the quarter. Charles Schwab makes up approximately 2.9% of Beck Mack & Oliver LLC’s holdings, making the stock its 10th biggest holding. Beck Mack & Oliver LLC owned about 0.12% of Charles Schwab worth $157,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Forum Financial Management LP raised its holdings in shares of Charles Schwab by 13.5% in the 4th quarter. Forum Financial Management LP now owns 19,636 shares of the financial services provider’s stock valued at $1,453,000 after purchasing an additional 2,336 shares in the last quarter. GeoWealth Management LLC increased its holdings in Charles Schwab by 19.8% during the fourth quarter. GeoWealth Management LLC now owns 18,987 shares of the financial services provider’s stock valued at $1,405,000 after buying an additional 3,134 shares during the period. Capital International Investors raised its stake in Charles Schwab by 7.0% in the fourth quarter. Capital International Investors now owns 1,206,172 shares of the financial services provider’s stock worth $89,269,000 after buying an additional 79,082 shares in the last quarter. Alpha DNA Investment Management LLC lifted its holdings in Charles Schwab by 119.3% during the fourth quarter. Alpha DNA Investment Management LLC now owns 40,274 shares of the financial services provider’s stock worth $2,981,000 after buying an additional 21,906 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Charles Schwab by 33.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,798,592 shares of the financial services provider’s stock valued at $207,124,000 after acquiring an additional 700,701 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 513,081 shares of company stock worth $41,903,066. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Charles Schwab stock opened at $76.52 on Friday. The company has a fifty day simple moving average of $77.16 and a 200-day simple moving average of $76.49. 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 firm has a market capitalization of $138.77 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the business earned $0.74 EPS. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued 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 yield of 1.41%. Charles Schwab’s dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SCHW shares. Keefe, Bruyette & Woods reduced their target price on shares of Charles Schwab from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. reiterated an “outperform” rating and set a $92.00 price target on shares of Charles Schwab in a research report on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Two equities 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.44.

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.