Metis Global Partners LLC Has $6.02 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Metis Global Partners LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,292 shares of the financial services provider’s stock after purchasing an additional 4,990 shares during the quarter. Metis Global Partners LLC’s holdings in Charles Schwab were worth $6,016,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Providence First Trust Co acquired a new position in shares of Charles Schwab in the fourth quarter worth $96,000. Noble Wealth Management PBC acquired a new position in shares of Charles Schwab in the fourth quarter worth $646,000. US Bancorp DE increased its stake in shares of Charles Schwab by 3.9% in the fourth quarter. US Bancorp DE now owns 2,435,414 shares of the financial services provider’s stock worth $180,245,000 after acquiring an additional 90,985 shares during the last quarter. Fisher Asset Management LLC increased its stake 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 worth $1,513,894,000 after acquiring an additional 265,708 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Charles Schwab in the fourth quarter worth $6,420,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SCHW. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Truist Financial upped their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Piper Sandler upped their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Up 1.6 %

NYSE SCHW opened at $79.71 on Friday. 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 firm has a 50-day simple moving average of $78.37 and a 200 day simple moving average of $73.54. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The stock has a market cap of $141.99 billion, a PE ratio of 26.66, a PEG ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.19 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, research analysts forecast 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. Investors of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

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.