69,226 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Interval Partners LP

Interval Partners LP purchased a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,226 shares of the financial services provider's stock, valued at approximately $5,123,000.

Other hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $41,000. Knuff & Co LLC boosted its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SCHW. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price for the company in a research note on Tuesday, April 8th. UBS Group lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Truist Financial decreased their target price on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Piper Sandler lifted their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $87.22.

Charles Schwab Stock Up 0.2%

Shares of SCHW stock opened at $84.53 on Monday. The firm has a fifty day moving average of $77.48 and a 200-day moving average of $77.92. 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 Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $87.32. The company has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio is 32.73%.

Insider Activity at Charles Schwab

In related news, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction 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 approximately $3,613,038.78. This trade represents a 17.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 503,041 shares of company stock valued at $41,072,558. Corporate insiders own 6.30% 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.

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