The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in The Charles Schwab Co. (NYSE:SCHW) by 20.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 987,210 shares of the financial services provider’s stock after buying an additional 165,312 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Charles Schwab worth $73,063,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SCHW. Broadway Wealth Solutions Inc. acquired a new stake in Charles Schwab in the fourth quarter valued at about $302,000. Norges Bank acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $1,289,544,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $5,702,000. NEOS Investment Management LLC grew its holdings in Charles Schwab by 31.4% during the fourth quarter. NEOS Investment Management LLC now owns 88,576 shares of the financial services provider’s stock worth $6,556,000 after acquiring an additional 21,152 shares during the period. Finally, BIT Capital GmbH purchased a new position in Charles Schwab in the fourth quarter worth $836,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 2.3 %

Shares of SCHW opened at $77.79 on Friday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a market capitalization of $141.08 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The stock has a fifty day moving average of $79.55 and a two-hundred day moving average of $75.36. 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 released its earnings results 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. 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 the consensus estimate of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Insiders Place Their Bets

In related news, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now directly owns 49,204 shares of the company’s stock, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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. Insiders have sold a total of 509,701 shares of company stock valued at $41,641,353 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Piper Sandler upped their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two investment 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. According to MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average target price of $86.33.

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.