Tidal Investments LLC Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Tidal Investments LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 15.9% in the fourth quarter, HoldingsChannel reports. The firm 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Procyon Advisors LLC boosted its stake in Charles Schwab by 41.1% during the fourth quarter. Procyon Advisors LLC now owns 4,848 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,411 shares during the period. Merit Financial Group LLC boosted its stake in Charles Schwab by 230.1% during the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after buying an additional 23,383 shares during the period. Arkadios Wealth Advisors boosted its stake in Charles Schwab by 10.2% during the fourth quarter. Arkadios Wealth Advisors now owns 11,864 shares of the financial services provider’s stock worth $878,000 after buying an additional 1,099 shares during the period. Sanibel Captiva Trust Company Inc. boosted its stake in Charles Schwab by 50.6% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 4,661 shares of the financial services provider’s stock worth $345,000 after buying an additional 1,566 shares during the period. Finally, Trust Co. of Vermont boosted its stake in Charles Schwab by 13.4% during the fourth quarter. Trust Co. of Vermont now owns 1,791 shares of the financial services provider’s stock worth $133,000 after buying an additional 212 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were 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 can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company’s stock, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Charles Schwab Stock Performance

SCHW stock opened at $89.16 on Tuesday. 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 business has a 50-day moving average price of $79.06 and a 200 day moving average price of $78.59. The company has a market capitalization of $162.00 billion, a P/E ratio of 29.82, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.39.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm 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 period in the previous year, the company posted $0.74 earnings per share. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.