Stevens Capital Management LP Makes New $877,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Stevens Capital Management LP acquired a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, Holdings Channel reports. The firm acquired 11,844 shares of the financial services provider’s stock, valued at approximately $877,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC lifted its holdings in Charles Schwab by 4.6% in the fourth quarter. LPL Financial LLC now owns 1,258,510 shares of the financial services provider’s stock worth $93,142,000 after buying an additional 55,118 shares during the period. Blueprint Investment Partners LLC purchased a new stake in Charles Schwab in the fourth quarter worth about $463,000. Fox Run Management L.L.C. purchased a new stake in Charles Schwab in the fourth quarter worth about $1,233,000. KLP Kapitalforvaltning AS purchased a new stake in Charles Schwab in the fourth quarter worth about $39,860,000. Finally, Sei Investments Co. increased its stake in shares of Charles Schwab by 13.8% during the fourth quarter. Sei Investments Co. now owns 1,254,510 shares of the financial services provider’s stock valued at $92,845,000 after purchasing an additional 151,778 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 0.1 %

NYSE:SCHW opened at $78.47 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a market cap of $142.30 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a 50 day simple moving average of $78.99 and a two-hundred day simple moving average of $74.79.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. Research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock worth $40,952,233 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Citigroup raised their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Truist Financial raised their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, Barclays raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.33.

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.