Moore Capital Management LP Makes New $45.57 Million Investment in The Charles Schwab Co. (NYSE:SCHW)

Moore Capital Management LP purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 615,664 shares of the financial services provider’s stock, valued at approximately $45,565,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the fourth quarter worth $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab during the fourth quarter worth about $41,000. Knuff & Co LLC raised its stake in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab in the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $46,000. 84.38% of the stock is currently owned by institutional investors.

Insider Activity at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52% 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 over the last ninety days. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCHW. Truist Financial cut their target price on shares of Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. 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 research report on Friday, April 25th. Finally, Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.22.

Charles Schwab Stock Up 0.2%

SCHW stock opened at $84.53 on Monday. The company has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50 day moving average price is $77.48 and its two-hundred day moving average price is $77.92. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $87.84.

Charles Schwab (NYSE:SCHW) last announced its earnings results 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 net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 9th. Charles Schwab’s payout ratio is currently 32.73%.

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.