Neo Ivy Capital Management Takes $532,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Neo Ivy Capital Management acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,197 shares of the financial services provider's stock, valued at approximately $532,000.

A number of other institutional investors have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab in the 4th quarter valued at about $41,000. Knuff & Co LLC lifted its holdings in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the 4th quarter valued at about $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial boosted their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Piper Sandler boosted their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.63.

Insider Buying and Selling

In related news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,088 shares of company stock worth $8,105,928. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of SCHW traded up $1.15 on Tuesday, reaching $88.55. The stock had a trading volume of 6,808,631 shares, compared to its average volume of 9,381,775. The firm has a market capitalization of $160.89 billion, a PE ratio of 29.62, a PEG ratio of 0.99 and a beta of 0.90. 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 firm has a 50-day moving average of $80.14 and a 200 day moving average of $79.11. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

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.