Two Sigma Investments LP Has $49.01 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Two Sigma Investments LP raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 29.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 662,242 shares of the financial services provider’s stock after buying an additional 151,261 shares during the period. Two Sigma Investments LP’s holdings in Charles Schwab were worth $49,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tidal Investments LLC lifted its position in Charles Schwab by 15.9% during the 4th quarter. Tidal Investments LLC now owns 138,097 shares of the financial services provider’s stock worth $10,221,000 after buying an additional 18,912 shares in the last quarter. Teza Capital Management LLC increased its position in shares of Charles Schwab by 111.0% in the fourth quarter. Teza Capital Management LLC now owns 67,888 shares of the financial services provider’s stock valued at $5,024,000 after acquiring an additional 35,720 shares during the last quarter. Trace Wealth Advisors LLC bought a new stake in Charles Schwab during the fourth quarter worth about $385,000. State of Wyoming boosted its position in Charles Schwab by 77.3% during the fourth quarter. State of Wyoming now owns 3,044 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. boosted its position in Charles Schwab by 6.4% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 24,963 shares of the financial services provider’s stock valued at $2,036,000 after purchasing an additional 1,497 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.5%

Shares of NYSE:SCHW opened at $89.16 on Tuesday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.39. The business has a 50 day moving average of $79.06 and a 200-day moving average of $78.59. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $162.00 billion, a PE ratio of 29.82, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the firm posted $0.74 EPS. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed 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 1.21%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SCHW shares. Morgan Stanley upped their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, April 25th. Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Finally, Truist Financial upped their target price on shares of Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The disclosure for this sale can be found here. Insiders sold 38,412 shares of company stock valued at $3,014,797 in the last quarter. Company insiders own 6.30% of the company’s stock.

Charles Schwab Company 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.