Headlands Technologies LLC Acquires Shares of 58,963 The Charles Schwab Co. (NYSE:SCHW)

Headlands Technologies LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,963 shares of the financial services provider's stock, valued at approximately $4,364,000.

Several other large investors have also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab during the 4th quarter valued at about $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the 4th quarter worth $41,000. Knuff & Co LLC raised its holdings in shares of Charles Schwab by 1,309.3% in the 4th 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 purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Down 4.7 %

Shares of NYSE:SCHW traded down $3.69 during midday trading on Thursday, reaching $74.90. The company's stock had a trading volume of 13,516,765 shares, compared to its average volume of 8,922,844. 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 firm has a market capitalization of $135.83 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.99 and a beta of 0.91. The firm has a 50 day moving average price of $79.48 and a two-hundred day moving average price of $75.69. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

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

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were 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. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last 90 days. Insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Barclays lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. UBS Group upped their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Truist Financial raised their price objective on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.28.

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.