Nissay Asset Management Corp Japan ADV Increases Stake in The Charles Schwab Co. (NYSE:SCHW)

Nissay Asset Management Corp Japan ADV boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,192 shares of the financial services provider’s stock after acquiring an additional 10,465 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Charles Schwab were worth $14,215,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after buying an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after buying an additional 265,708 shares in the last quarter. Norges Bank purchased a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $1,289,544,000. Finally, Northern Trust Corp increased its position in shares of Charles Schwab by 13.4% in the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider’s stock valued at $1,164,911,000 after buying an additional 1,864,286 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan M. Craig sold 9,559 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,412 shares of company stock valued at $3,014,797. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Wells Fargo & Company lowered their price target on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler lifted their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.61.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $87.02 on Thursday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $87.29. The business’s fifty day simple moving average is $78.11 and its 200-day simple moving average is $78.14. The firm has a market cap of $157.82 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company posted $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, May 9th. Charles Schwab’s payout ratio is 32.73%.

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.