Dynamic Technology Lab Private Ltd Takes $2.54 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Dynamic Technology Lab Private Ltd bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,271 shares of the financial services provider’s stock, valued at approximately $2,536,000. Charles Schwab accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 16th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the fourth quarter worth approximately $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the fourth quarter worth $41,000. Knuff & Co LLC raised its stake in 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 buying an additional 563 shares during the last quarter. Financial Life Planners acquired a new position in Charles Schwab in the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the fourth quarter valued at $46,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 in the last quarter. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SCHW. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and boosted their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Piper Sandler increased their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Truist Financial decreased their price target on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.94.

Charles Schwab Stock Down 7.7 %

SCHW opened at $69.07 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $125.26 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 0.99 and a beta of 0.91. The company’s 50-day moving average price is $79.09 and its two-hundred day moving average price is $75.73. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. Charles Schwab’s dividend payout ratio is 36.12%.

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.