Tidal Investments LLC Increases Stake in The Charles Schwab Co. (NYSE:SCHW)

Tidal Investments LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 138,097 shares of the financial services provider’s stock after purchasing an additional 18,912 shares during the quarter. Tidal Investments LLC’s holdings in Charles Schwab were worth $10,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $41,000. Knuff & Co LLC boosted its holdings in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at about $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Morgan Stanley raised their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Truist Financial increased their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Barclays lowered their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Two research 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 data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Charles Schwab Price Performance

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 stock has a market cap of $162.00 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 0.99 and a beta of 0.90. The company’s 50 day moving average is $79.06 and its two-hundred day moving average is $78.59. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS 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 company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the business earned $0.74 EPS. As a group, research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s payout ratio is currently 32.73%.

Insider Activity

In other news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,412 shares of company stock worth $3,014,797 over the last quarter. 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.