World Investment Advisors Has $11.21 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

World Investment Advisors raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,502 shares of the financial services provider’s stock after buying an additional 9,378 shares during the period. World Investment Advisors’ holdings in Charles Schwab were worth $11,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab during the 4th quarter worth approximately $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter worth $41,000. Knuff & Co LLC grew its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at about $46,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock valued at $41,903,066 over the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Up 1.3 %

Shares of NYSE SCHW opened at $78.67 on Thursday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $142.67 billion, a P/E ratio of 26.31, a P/E/G ratio of 0.99 and a beta of 0.91. The firm has a 50 day moving average price of $79.48 and a 200 day moving average price of $75.69.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio is 36.12%.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research reports. Redburn Partners lowered their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. UBS Group boosted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Truist Financial boosted their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.28.

Charles Schwab 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.