Tokio Marine Asset Management Co. Ltd. Raises Holdings in The Charles Schwab Co. (NYSE:SCHW)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 46,301 shares of the financial services provider’s stock after buying an additional 3,899 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charles Schwab were worth $3,427,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Washington Trust Advisors Inc. raised its position 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 purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab in the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the third quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.0 %

Shares of NYSE:SCHW opened at $82.73 on Monday. The company has a market capitalization of $147.22 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.00 and a beta of 0.99. The stock’s fifty day simple moving average is $77.97 and its 200-day simple moving average is $71.16. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.84. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal 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 is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Activity

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,014 shares of company stock valued at $4,052,281 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Jefferies Financial Group increased their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.11.

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.