The Charles Schwab Co. (NYSE:SCHW) is Mondrian Investment Partners LTD’s 10th Largest Position

Mondrian Investment Partners LTD boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,987,931 shares of the financial services provider’s stock after buying an additional 138,085 shares during the period. Charles Schwab accounts for approximately 2.5% of Mondrian Investment Partners LTD’s portfolio, making the stock its 10th largest position. Mondrian Investment Partners LTD owned 0.11% of Charles Schwab worth $147,127,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in 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 worth $1,644,674,000 after acquiring an additional 3,157,923 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Charles Schwab in the 4th quarter worth approximately $189,791,000. Veritas Asset Management LLP purchased a new position in Charles Schwab in the 4th quarter worth approximately $185,649,000. Massachusetts Financial Services Co. MA raised its holdings in Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after acquiring an additional 1,711,312 shares during the last quarter. Finally, KBC Group NV raised its holdings in Charles Schwab by 186.7% in the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock worth $158,236,000 after acquiring an additional 1,392,255 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW opened at $73.49 on Friday. 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 company has a 50-day simple moving average of $78.41 and a 200-day simple moving average of $74.16. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a market capitalization of $133.28 billion, a PE ratio of 24.58, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. 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 dividend yield of 1.47%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Morgan Stanley lifted their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Jefferies Financial Group boosted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, UBS Group boosted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.33.

Insider Buying and Selling

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 501,087 shares of company stock worth $40,952,233. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.