PointState Capital LP Buys New Position in The Charles Schwab Co. (NYSE:SCHW)

PointState Capital LP 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 3,206,059 shares of the financial services provider's stock, valued at approximately $237,280,000. Charles Schwab makes up 4.3% of PointState Capital LP's holdings, making the stock its 8th largest holding. PointState Capital LP owned approximately 0.18% of Charles Schwab as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the 4th quarter valued at $38,000. Atala Financial Inc bought a new position in Charles Schwab during the 4th quarter valued at $41,000. Knuff & Co LLC lifted its stake in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners bought a new position in Charles Schwab during the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab during the 4th quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. The trade was a 5.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 90 days, insiders have sold 38,412 shares of company stock valued at $3,014,797. Corporate insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. Barclays lowered their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial lowered their price objective on Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.61.

Charles Schwab Price Performance

SCHW stock opened at $87.02 on Thursday. 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 $87.29. The firm's fifty day moving average is $78.11 and its 200 day moving average is $78.14. The firm has a market cap of $157.82 billion, a P/E ratio of 29.10, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating 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 quarter last year, the firm earned $0.74 EPS. Research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

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.

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