The Charles Schwab Co. (NYSE:SCHW) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,500 shares of the financial services provider’s stock after purchasing an additional 7,746 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Charles Schwab were worth $16,179,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Jericho Financial LLP bought a new stake in Charles Schwab in the fourth quarter valued at $781,000. Y.D. More Investments Ltd boosted its position in shares of Charles Schwab by 122.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,845 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,015 shares during the period. Weaver Capital Management LLC increased its position in Charles Schwab by 37.7% in the 4th quarter. Weaver Capital Management LLC now owns 8,903 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 2,437 shares during the period. Hager Investment Management Services LLC bought a new stake in Charles Schwab during the 4th quarter valued at $1,961,000. Finally, Retirement Systems of Alabama boosted its position in Charles Schwab by 5.5% during the 4th quarter. Retirement Systems of Alabama now owns 1,173,108 shares of the financial services provider’s stock worth $86,822,000 after acquiring an additional 61,353 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $81.79 on Thursday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The firm’s 50 day simple moving average is $77.99 and its 200-day simple moving average is $71.50. 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 has a market cap of $145.57 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm 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 company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. The Goldman Sachs Group upped their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped 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, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $84.11.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were 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 have sold 50,014 shares of company stock worth $4,052,281 in the last 90 days. Company insiders own 6.60% of the company’s stock.

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.