Victrix Investment Advisors Makes New $3.25 Million Investment in The Charles Schwab Co. (NYSE:SCHW)

Victrix Investment Advisors acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,889 shares of the financial services provider’s stock, valued at approximately $3,248,000. Charles Schwab makes up 2.3% of Victrix Investment Advisors’ portfolio, making the stock its 16th biggest position.

Other large investors have also made changes to their positions in the company. Vident Advisory LLC boosted its stake in shares of Charles Schwab by 46.5% during the 4th quarter. Vident Advisory LLC now owns 47,194 shares of the financial services provider’s stock worth $3,493,000 after purchasing an additional 14,987 shares during the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of Charles Schwab during the fourth quarter valued at approximately $629,000. Vivaldi Capital Management LP acquired a new stake in Charles Schwab during the fourth quarter worth approximately $14,846,000. Wimmer Associates 1 LLC acquired a new stake in Charles Schwab during the fourth quarter worth approximately $221,000. Finally, Twinbeech Capital LP purchased a new stake in Charles Schwab in the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. 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. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $88.33.

Charles Schwab Stock Up 0.7%

Shares of NYSE SCHW opened at $88.72 on Monday. The stock has a fifty day moving average price of $78.76 and a 200 day moving average price of $78.47. 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 $88.87. The company has a market cap of $161.19 billion, a P/E ratio of 29.67, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate 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 business earned $0.74 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Insider Activity

In related news, insider Jonathan M. Craig sold 9,559 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the sale, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This trade represents a 17.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock worth $3,014,797 over the last 90 days. Company insiders own 6.30% 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.