Bristol John W & Co. Inc. NY Has $64.07 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Bristol John W & Co. Inc. NY reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931,182 shares of the financial services provider’s stock after selling 47,160 shares during the period. Bristol John W & Co. Inc. NY owned approximately 0.05% of Charles Schwab worth $64,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Massachusetts Financial Services Co. MA lifted its stake in shares of Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC raised its holdings in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after buying an additional 391,238 shares during the last quarter. Morgan Stanley boosted its position in Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after buying an additional 8,563,389 shares during the period. Norges Bank bought a new stake in Charles Schwab during the 4th quarter worth approximately $1,325,555,000. Finally, Invesco Ltd. increased its position in Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after acquiring an additional 502,304 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 0.8 %

SCHW stock traded down $0.59 during midday trading on Friday, reaching $70.03. 8,614,981 shares of the company’s stock traded hands, compared to its average volume of 6,436,569. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $72.97. The company has a market cap of $124.38 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.06 and a beta of 1.01. The firm’s fifty day moving average price is $67.57 and its 200-day moving average price is $62.45. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. Charles Schwab’s dividend payout ratio is currently 39.37%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock valued at $14,200,769 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SCHW shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Raymond James lowered their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, Piper Sandler boosted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.53.

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.