The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 231.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 296,978 shares of the financial services provider’s stock after acquiring an additional 207,263 shares during the quarter. AQR Capital Management LLC’s holdings in Charles Schwab were worth $21,979,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC boosted its stake in shares of Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $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 fourth quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter valued at $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler upped their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial decreased their target price 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. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and increased their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, Morgan Stanley upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price objective on the stock in a research report on Tuesday, April 8th. Two equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.22.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $83.10 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $150.71 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business has a 50-day moving average of $76.90 and a 200 day moving average of $77.45. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.30%. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 9,559 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,041 shares of company stock valued at $41,072,558 in the last quarter. Corporate 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.