Bank Julius Baer & Co. Ltd Zurich Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,938,786 shares of the financial services provider’s stock after buying an additional 141,254 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Charles Schwab were worth $152,394,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. increased 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 worth $25,000 after buying an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth about $31,000. Planning Capital Management Corp acquired a new position in Charles Schwab in the 3rd quarter valued at about $33,000. Finally, Peterson Financial Group Inc. purchased a new position in Charles Schwab in the 3rd quarter valued at about $35,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent research reports. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Piper Sandler boosted their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Price Performance

Charles Schwab stock opened at $74.58 on Friday. The firm has a fifty day moving average of $78.50 and a 200-day moving average of $73.92. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 firm has a market capitalization of $135.25 billion, a P/E ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm 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 firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. As a group, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.27 per share. 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. This represents a $1.08 annualized dividend and a yield of 1.45%. Charles Schwab’s payout ratio is 36.12%.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the company’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 completion of the transaction, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab 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 disclosure for this sale can be found here. Insiders sold a total of 501,087 shares of company stock worth $40,952,233 in the last 90 days. 6.60% of the stock is owned by company insiders.

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.