The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,855,064 shares of the financial services provider’s stock after selling 23,897 shares during the period. Dimensional Fund Advisors LP owned about 0.27% of Charles Schwab worth $359,331,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SCHW. Vanguard Group Inc. increased its position in Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after acquiring an additional 760,043 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the period. Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Charles Schwab during the fourth quarter worth $1,289,544,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SCHW. Morgan Stanley upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Charles Schwab in a research note 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. Piper Sandler upped their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.44.

Charles Schwab Price Performance

Shares of SCHW stock opened at $76.52 on Friday. The firm has a fifty day simple moving average of $77.16 and a 200-day simple moving average of $76.58. The company has a market capitalization of $138.77 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. 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 company posted $0.74 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.41%. Charles Schwab’s payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. 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 in the last three months. Corporate insiders own 6.30% of the company’s stock.

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.