Mirae Asset Global Investments Co. Ltd. Acquires 77,833 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,721 shares of the financial services provider’s stock after buying an additional 77,833 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Charles Schwab were worth $29,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sugarloaf Wealth Management LLC increased its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter valued at about $34,000. Worth Asset Management LLC bought a new position in Charles Schwab in the 1st quarter valued at about $32,000. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after buying an additional 268 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

SCHW opened at $72.40 on Tuesday. The firm has a market cap of $128.40 billion, a P/E ratio of 28.50, a PEG ratio of 1.08 and a beta of 1.01. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $72.97. 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 50-day moving average of $66.93 and a 200 day moving average of $62.04.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.36 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Citigroup downgraded shares of Charles Schwab from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.00 to $70.00 in a research report on Wednesday, January 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Raymond James dropped their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $71.47.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, 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 legal filing with the SEC, which is available at this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the sale, 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 legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 over the last three months. 6.60% of the stock is currently owned by 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.