32,781 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Groupama Asset Managment

Groupama Asset Managment bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,781 shares of the financial services provider’s stock, valued at approximately $2,423,000.

Other hedge funds have also made changes to their positions in the company. Gladstone Institutional Advisory LLC lifted its stake in shares of Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares in the last quarter. Klingman & Associates LLC lifted its position in shares of Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after buying an additional 127 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Citigroup boosted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Piper Sandler raised their price target on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $86.33.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 8,614 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the transaction, the insider now directly owns 49,204 shares of the company’s stock, valued at approximately $3,936,320. This trade represents a 14.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 509,701 shares of company stock valued at $41,641,353. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

NYSE:SCHW opened at $77.66 on Wednesday. The firm’s fifty day moving average is $79.52 and its two-hundred day moving average is $75.67. The firm has a market cap of $140.84 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share 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 analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

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.