Trexquant Investment LP Raises Position in The Charles Schwab Co. (NYSE:SCHW)

Trexquant Investment LP increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 156.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,215 shares of the financial services provider's stock after acquiring an additional 263,526 shares during the quarter. Charles Schwab makes up 0.4% of Trexquant Investment LP's investment portfolio, making the stock its 25th largest position. Trexquant Investment LP's holdings in Charles Schwab were worth $31,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Gladstone Institutional Advisory LLC grew its stake in shares of Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after buying an additional 125 shares during the period. Klingman & Associates LLC grew its position in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after buying an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after acquiring an additional 130 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now owns 47,931 shares of the company's stock, valued at $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 513,081 shares of company stock worth $41,903,066. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 4.7 %

Charles Schwab stock traded down $3.69 during trading hours on Thursday, hitting $74.90. The stock had a trading volume of 13,516,765 shares, compared to its average volume of 8,922,844. The stock's 50-day moving average price is $79.48 and its 200-day moving average price is $75.69. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. 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 stock has a market capitalization of $135.83 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SCHW shares. UBS Group lifted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a research report on Wednesday. Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Morgan Stanley raised their target price on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $87.28.

About Charles Schwab

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.