Ieq Capital LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Ieq Capital LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,685 shares of the financial services provider's stock after acquiring an additional 19,020 shares during the period. Ieq Capital LLC's holdings in Charles Schwab were worth $5,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $25,000. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $31,000. Planning Capital Management Corp acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW opened at $80.50 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The firm's fifty day simple moving average is $77.98 and its two-hundred day simple moving average is $72.95.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.68 earnings per share. Equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. UBS Group increased their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has an average rating of "Hold" and a consensus target price of $86.33.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was 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 a total of 490,120 shares of company stock valued at $40,127,472 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.