Y Intercept Hong Kong Ltd Purchases 34,735 Shares of The Charles Schwab Co. (NYSE:SCHW)

Y Intercept Hong Kong Ltd grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 167.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,463 shares of the financial services provider’s stock after acquiring an additional 34,735 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Charles Schwab were worth $4,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Charles Schwab by 7,559.9% during the third quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock valued at $57,667,000 after buying an additional 878,163 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of Charles Schwab by 22.3% during the third quarter. Joel Isaacson & Co. LLC now owns 7,122 shares of the financial services provider’s stock valued at $462,000 after buying an additional 1,299 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Charles Schwab by 20.6% during the third quarter. Arkadios Wealth Advisors now owns 10,765 shares of the financial services provider’s stock valued at $698,000 after buying an additional 1,836 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Charles Schwab by 1.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 937,303 shares of the financial services provider’s stock valued at $60,747,000 after buying an additional 9,799 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of Charles Schwab by 3.9% during the third quarter. GHP Investment Advisors Inc. now owns 64,077 shares of the financial services provider’s stock valued at $4,153,000 after buying an additional 2,402 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and lifted their target price for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Truist Financial boosted their price objective on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.50 on Monday. 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm has a market cap of $143.38 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.99 and a beta of 0.99. The business’s fifty day moving average is $77.98 and its 200 day moving average is $73.10.

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

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 487,820 shares of company stock worth $39,938,849. 6.60% of the stock is owned by company insiders.

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.