The Charles Schwab Co. (NYSE:SCHW) is Azora Capital LP's 4th Largest Position

Azora Capital LP grew its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 827.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,734,159 shares of the financial services provider's stock after buying an additional 1,547,155 shares during the period. Charles Schwab accounts for about 5.8% of Azora Capital LP's holdings, making the stock its 4th biggest holding. Azora Capital LP owned 0.10% of Charles Schwab worth $128,345,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was 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 $67,770,450.07. This trade represents a 35.96 % 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 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 have sold a total of 503,041 shares of company stock worth $41,072,558 in the last ninety days. 6.30% of the stock is owned by insiders.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $1.17 during trading on Wednesday, hitting $84.00. 9,393,654 shares of the stock traded hands, compared to its average volume of 9,383,160. The firm's fifty day moving average is $77.08 and its 200-day moving average is $77.61. The stock has a market cap of $152.35 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping 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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business posted $0.74 EPS. Research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. 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. Truist Financial dropped their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. JMP Securities reiterated a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Finally, Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Two investment 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's stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and an average 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.