Mitsubishi UFJ Asset Management UK Ltd. Purchases New Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,000 shares of the financial services provider’s stock, valued at approximately $740,000.

Several other hedge funds have also added to or reduced their stakes in SCHW. Alliance Wealth Advisors LLC boosted its stake in shares of Charles Schwab by 2.7% during the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares in the last quarter. Michael S. Ryan Inc. boosted its position in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares in the last quarter. GS Investments Inc. grew its position in shares of Charles Schwab by 0.3% during the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after buying an additional 146 shares during the period. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Charles Schwab by 2.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 148 shares during the period. Finally, Washington Trust Advisors Inc. grew its stake in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 in the last three months. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Citigroup decreased their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $81.41.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.88 on Wednesday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The firm has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company’s fifty day moving average price is $77.65 and its two-hundred day moving average price is $70.62.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. On average, research analysts anticipate that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

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.