The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.


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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 38.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 411,231 shares of the financial services provider’s stock after purchasing an additional 114,546 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in The Charles Schwab were worth $21,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. grew its holdings in The Charles Schwab by 361.6% during the fourth quarter. Landscape Capital Management L.L.C. now owns 159,471 shares of the financial services provider’s stock worth $8,458,000 after acquiring an additional 124,923 shares during the period. Diligent Investors LLC acquired a new stake in shares of The Charles Schwab during the 4th quarter worth approximately $270,000. ProShare Advisors LLC increased its holdings in shares of The Charles Schwab by 38.0% during the 4th quarter. ProShare Advisors LLC now owns 279,328 shares of the financial services provider’s stock valued at $14,816,000 after purchasing an additional 76,903 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of The Charles Schwab by 8.9% in the 4th quarter. Profund Advisors LLC now owns 18,438 shares of the financial services provider’s stock valued at $978,000 after purchasing an additional 1,500 shares during the period. Finally, Lakehouse Capital Pty Ltd acquired a new position in shares of The Charles Schwab in the 4th quarter valued at $14,106,000. Institutional investors and hedge funds own 77.47% of the company’s stock.

In related news, EVP Jonathan M. Craig sold 8,903 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $63.01, for a total value of $560,978.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 98,870 shares of the firm’s stock in a transaction on Friday, November 27th. The stock was sold at an average price of $49.81, for a total value of $4,924,714.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,586,205 shares of company stock worth $88,310,828. Insiders own 10.80% of the company’s stock.

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Charles Schwab from $73.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Wells Fargo & Company lifted their price target on The Charles Schwab from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded The Charles Schwab from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $54.00 in a research report on Tuesday, November 17th. Credit Suisse Group raised their price objective on The Charles Schwab from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, February 4th. Finally, Smith Barney Citigroup raised The Charles Schwab from a “neutral” rating to a “buy” rating and upped their target price for the stock from $44.00 to $54.00 in a research note on Tuesday, November 17th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Charles Schwab presently has a consensus rating of “Buy” and a consensus target price of $55.77.

Shares of NYSE SCHW opened at $62.95 on Tuesday. The stock has a market capitalization of $118.13 billion, a price-to-earnings ratio of 29.14 and a beta of 1.17. The Charles Schwab Co. has a 52 week low of $28.00 and a 52 week high of $63.45. The firm has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $45.69. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.30.

The Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, January 18th. The financial services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.07 billion. The Charles Schwab had a net margin of 29.80% and a return on equity of 13.52%. The business’s revenue was up 60.2% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. As a group, equities research analysts expect that The Charles Schwab Co. will post 2.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, February 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, February 11th. The Charles Schwab’s dividend payout ratio (DPR) is presently 26.47%.

About The Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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