Neo Ivy Capital Management Acquires Shares of 7,197 The Charles Schwab Co. (NYSE:SCHW)

Neo Ivy Capital Management purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,197 shares of the financial services provider's stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oregon Pacific Wealth Management LLC purchased a new stake in Charles Schwab in the 4th quarter valued at $688,000. Cary Street Partners Financial LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $1,455,000. Golden State Equity Partners grew its stake in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after acquiring an additional 9,108 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock worth $47,674,000 after acquiring an additional 43,308 shares during the period. Finally, Banco Santander S.A. boosted its stake in Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after purchasing an additional 5,413 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.46 during trading hours on Thursday, reaching $87.59. The company had a trading volume of 2,692,180 shares, compared to its average volume of 9,345,089. 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 stock has a fifty day moving average of $80.53 and a 200-day moving average of $79.24. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The company has a market capitalization of $159.15 billion, a price-to-earnings ratio of 29.28, a PEG 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 return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company posted $0.74 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and raised their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Truist Financial upped their price target on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Friday, April 25th. Finally, TD Securities upped their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Insider Activity at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,088 shares of company stock worth $8,105,928 over the last 90 days. Company insiders own 6.30% of the company's stock.

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.