Neo Ivy Capital Management Makes New Investment 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 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,197 shares of the financial services provider's stock, valued at approximately $532,000.

Several other institutional investors have also recently bought and sold shares of SCHW. Gladstone Institutional Advisory LLC boosted its stake in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC lifted its stake in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 125 shares during the last quarter. Klingman & Associates LLC lifted its stake in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Charles Schwab by 2.7% in the fourth 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 stake in shares of Charles Schwab by 1.2% during the fourth 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. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW traded down $0.61 on Wednesday, hitting $88.02. The company's stock had a trading volume of 5,780,462 shares, compared to its average volume of 9,367,470. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The firm has a market cap of $159.92 billion, a P/E ratio of 29.44, a price-to-earnings-growth 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 company's 50 day simple moving average is $80.34 and its 200-day simple moving average is $79.18.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the company posted $0.74 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. Charles Schwab's payout ratio is currently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. The trade was a 5.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,088 shares of company stock worth $8,105,928. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SCHW. UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, TD Securities lifted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.63.

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.