Index Fund Advisors Inc. Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Index Fund Advisors Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,847 shares of the financial services provider’s stock after purchasing an additional 143 shares during the quarter. Index Fund Advisors Inc.’s holdings in Charles Schwab were worth $655,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the third quarter worth $25,000. Washington Trust Advisors Inc. grew its holdings in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth about $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Charles Schwab during the third quarter worth about $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Down 2.5 %

Shares of SCHW stock opened at $81.13 on Tuesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.04. The firm has a market capitalization of $144.38 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The stock has a fifty day moving average of $78.00 and a two-hundred day moving average of $71.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, research analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.33%. Charles Schwab’s payout ratio is presently 33.44%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Truist Financial reiterated a “buy” rating and issued a $90.00 price target (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Barclays raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.50.

Insiders Place Their Bets

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,514 shares of company stock worth $3,859,731 over the last ninety days. Company insiders own 6.60% 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.