Index Fund Advisors Inc. Has $655,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Index Fund Advisors Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 8,847 shares of the financial services provider’s stock after buying an additional 143 shares during the quarter. Index Fund Advisors Inc.’s holdings in Charles Schwab were worth $655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter worth approximately $25,000. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter valued at about $31,000. Planning Capital Management Corp acquired a new position in Charles Schwab in the 3rd quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 2.5 %

Shares of SCHW opened at $81.13 on Tuesday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.04. The firm has a market capitalization of $144.38 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.02 and a beta of 0.99. The company has a 50-day simple moving average of $78.00 and a 200-day simple moving average of $71.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. On average, equities research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Ratings Changes

A number of research firms recently commented on SCHW. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating 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 report on Tuesday, January 7th. UBS Group upped their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Insider Activity

In other news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction that occurred 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 directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,514 shares of company stock worth $3,859,731. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.