Two Sigma Advisers LP Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Two Sigma Advisers LP raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,419,695 shares of the financial services provider's stock after purchasing an additional 79,700 shares during the period. Two Sigma Advisers LP owned 0.08% of Charles Schwab worth $105,072,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Two Sigma Investments LP increased its stake in shares of Charles Schwab by 29.6% in the fourth quarter. Two Sigma Investments LP now owns 662,242 shares of the financial services provider's stock worth $49,013,000 after purchasing an additional 151,261 shares in the last quarter. Tidal Investments LLC increased its holdings in Charles Schwab by 15.9% during the 4th quarter. Tidal Investments LLC now owns 138,097 shares of the financial services provider's stock worth $10,221,000 after acquiring an additional 18,912 shares during the period. Teza Capital Management LLC increased its holdings in Charles Schwab by 111.0% during the 4th quarter. Teza Capital Management LLC now owns 67,888 shares of the financial services provider's stock worth $5,024,000 after acquiring an additional 35,720 shares during the period. Trace Wealth Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $385,000. Finally, State of Wyoming increased its holdings in Charles Schwab by 77.3% during the 4th quarter. State of Wyoming now owns 3,044 shares of the financial services provider's stock worth $225,000 after acquiring an additional 1,327 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 1.8%

NYSE:SCHW traded down $1.61 on Wednesday, reaching $87.57. 8,579,684 shares of the stock traded hands, compared to its average volume of 9,446,024. The company has a market capitalization of $159.10 billion, a price-to-earnings ratio of 29.29, a PEG 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. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.87. The company's fifty day simple moving average is $79.58 and its 200 day simple moving average is $78.73.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business earned $0.74 EPS. Equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 1.23%. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Transactions at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction that occurred on 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. Insiders sold 38,412 shares of company stock worth $3,014,797 over the last three months. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SCHW. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Truist Financial upped their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley upped their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

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.