Schonfeld Strategic Advisors LLC Purchases 185,384 Shares of The Charles Schwab Co. (NYSE:SCHW)

Schonfeld Strategic Advisors LLC lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 191.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 282,082 shares of the financial services provider's stock after buying an additional 185,384 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Charles Schwab were worth $20,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the 4th quarter valued at $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $41,000. Knuff & Co LLC increased its position in 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 acquiring an additional 563 shares during the period. Financial Life Planners acquired a new stake in Charles Schwab in the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Institutional investors own 84.38% of the company's stock.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at $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. Over the last 90 days, insiders have sold 503,041 shares of company stock worth $41,072,558. Company insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 2.0 %

NYSE SCHW traded up $1.59 during mid-day trading on Friday, reaching $83.10. 9,348,126 shares of the stock were exchanged, compared to its average volume of 9,372,159. The stock has a market cap of $150.71 billion, a P/E ratio of 27.79, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The stock has a 50 day simple moving average of $76.90 and a 200-day simple moving average of $77.42.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced 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. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the prior year, the company earned $0.74 EPS. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price on the stock in a report on Tuesday, April 8th. Truist Financial cut their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Finally, UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.22.

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.