Natixis Advisors LLC Acquires 16,598 Shares of The Charles Schwab Co. (NYSE:SCHW)

Natixis Advisors LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,305,759 shares of the financial services provider’s stock after purchasing an additional 16,598 shares during the period. Natixis Advisors LLC owned 0.07% of Charles Schwab worth $96,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Charles Schwab by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock valued at $432,536,000 after purchasing an additional 38,201 shares during the last quarter. United Bank boosted its stake in shares of Charles Schwab by 13.0% in the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider’s stock worth $736,000 after buying an additional 1,309 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Charles Schwab by 6.9% in the 3rd quarter. Harbour Investments Inc. now owns 7,612 shares of the financial services provider’s stock worth $493,000 after buying an additional 493 shares during the last quarter. Kovack Advisors Inc. boosted its stake in shares of Charles Schwab by 9.9% in the 3rd quarter. Kovack Advisors Inc. now owns 4,275 shares of the financial services provider’s stock worth $277,000 after buying an additional 386 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Charles Schwab by 1.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 40,955 shares of the financial services provider’s stock worth $2,654,000 after buying an additional 408 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade 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 hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. 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. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCHW. Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. UBS Group raised their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Trading Up 5.1 %

Shares of SCHW stock opened at $77.28 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-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. The stock’s 50-day moving average price is $78.47 and its 200-day moving average price is $74.32. The stock has a market capitalization of $140.15 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

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.