The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,275 shares of the financial services provider’s stock after purchasing an additional 811 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charles Schwab were worth $34,065,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares in the last quarter. Darsana Capital Partners LP boosted its stake in Charles Schwab by 200.0% during the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after purchasing an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after purchasing an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd raised its stake in shares of Charles Schwab by 2,617.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after buying an additional 1,644,931 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Charles Schwab in the third quarter valued at $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 5.8 %

Charles Schwab stock opened at $80.88 on Wednesday. The firm’s 50 day moving average price is $77.65 and its two-hundred day moving average price is $70.62. The firm has a market cap of $143.93 billion, a PE ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period last year, the company earned $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts predict that The Charles Schwab Co. will post 3.16 EPS for the current fiscal year.

Insider Activity at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SCHW shares. Morgan Stanley upped their price target on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Piper Sandler upped 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. The Goldman Sachs Group raised their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $81.41.

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.