2,948 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in shares of 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 (SEC). The fund bought 2,948 shares of the financial services provider's stock, valued at approximately $218,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter valued at $41,000. Knuff & Co LLC grew its holdings in shares of Charles Schwab by 1,309.3% during the fourth 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 last quarter. Financial Life Planners acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research reports. Truist Financial raised 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. Piper Sandler raised their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their price target for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Charles Schwab Price Performance

Shares of SCHW traded up $1.15 during mid-day trading on Tuesday, hitting $88.55. The company's stock had a trading volume of 6,808,631 shares, compared to its average volume of 9,381,774. The firm has a 50-day simple moving average of $80.14 and a 200 day simple moving average of $79.11. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The firm has a market capitalization of $160.89 billion, a P/E ratio of 29.62, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 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 for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the firm earned $0.74 EPS. Analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal 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 issued 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 of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,088 shares of company stock valued at $8,105,928. Corporate insiders own 6.30% of the company's stock.

Charles Schwab 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.