The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Cooke & Bieler LP

Cooke & Bieler LP boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,463,184 shares of the financial services provider’s stock after acquiring an additional 108,332 shares during the period. Charles Schwab comprises about 1.5% of Cooke & Bieler LP’s holdings, making the stock its 20th biggest holding. Cooke & Bieler LP owned 0.14% of Charles Schwab worth $169,467,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. grew its holdings in shares of Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after buying an additional 607 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after purchasing an additional 166,316 shares during the period. Wright Investors Service Inc. grew its holdings in shares of Charles Schwab by 9.3% in the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after purchasing an additional 4,001 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SCHW. Bank of America upped their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Raymond James dropped their price objective on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Up 0.7 %

Shares of SCHW stock opened at $73.42 on Friday. 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 stock has a market capitalization of $130.40 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The company has a 50 day moving average price of $68.58 and a 200 day moving average price of $63.11. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 3.42 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling

In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Insiders sold 312,800 shares of company stock worth $21,081,569 over the last 90 days. 6.60% of the stock is owned by insiders.

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.