Teza Capital Management LLC Has $5.02 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Teza Capital Management LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 111.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,888 shares of the financial services provider's stock after buying an additional 35,720 shares during the period. Charles Schwab comprises approximately 0.8% of Teza Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Teza Capital Management LLC's holdings in Charles Schwab were worth $5,024,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the 4th quarter worth approximately $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the 4th quarter worth approximately $41,000. Knuff & Co LLC boosted its stake in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners acquired a new position in Charles Schwab in the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter worth approximately $46,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 1.8%

Shares of Charles Schwab stock traded down $1.61 during midday trading on Wednesday, reaching $87.57. 8,579,684 shares of the company's stock traded hands, compared to its average volume of 9,446,024. The company has a market cap of $159.10 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company's 50 day simple moving average is $79.37 and its 200 day simple moving average is $78.67. 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 Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.87.

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

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is 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 presently 32.73%.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SCHW. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Friday, April 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, UBS Group increased their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

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.