The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 156.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 432,215 shares of the financial services provider’s stock after purchasing an additional 263,526 shares during the quarter. Charles Schwab makes up approximately 0.4% of Trexquant Investment LP’s holdings, making the stock its 25th largest holding. Trexquant Investment LP’s holdings in Charles Schwab were worth $31,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares during the period. State Street Corp lifted its holdings in Charles Schwab by 0.7% in the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock valued at $4,023,175,000 after acquiring an additional 414,949 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after acquiring an additional 3,157,923 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after buying an additional 265,708 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $78.38 on Tuesday. The firm has a market cap of $142.15 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The stock’s 50-day moving average is $79.58 and its two-hundred day moving average is $75.56. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Truist Financial lifted their price target on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, JMP Securities reissued a “market outperform” rating and issued a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now owns 49,204 shares of the company’s stock, valued at $3,936,320. This represents a 14.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 509,701 shares of company stock worth $41,641,353. Company insiders own 6.60% 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.