The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 720,329 shares of the financial services provider’s stock after purchasing an additional 40,208 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Charles Schwab were worth $53,312,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atala Financial Inc purchased a new position in Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC raised its stake in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners acquired a new position in shares of Charles Schwab during the 4th quarter valued at $46,000. Whipplewood Advisors LLC purchased a new stake in Charles Schwab during the 4th quarter worth $46,000. Finally, Heck Capital Advisors LLC acquired a new stake in Charles Schwab in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Piper Sandler upped their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Performance

Charles Schwab stock opened at $80.81 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a fifty day moving average price of $79.31 and a two-hundred day moving average price of $75.11. The company has a market cap of $146.55 billion, a PE ratio of 27.03, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock worth $40,952,233 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.