Entropy Technologies LP Raises Position in The Charles Schwab Co. (NYSE:SCHW)

Entropy Technologies LP lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 96.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,201 shares of the financial services provider's stock after acquiring an additional 46,740 shares during the period. Charles Schwab makes up 0.6% of Entropy Technologies LP's portfolio, making the stock its 20th biggest position. Entropy Technologies LP's holdings in Charles Schwab were worth $6,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Price T Rowe Associates Inc. MD raised its holdings in shares of Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider's stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares in the last quarter. Darsana Capital Partners LP grew its position in Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider's stock worth $221,070,000 after buying an additional 2,000,000 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in Charles Schwab by 2,617.6% during the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider's stock worth $110,681,000 after purchasing an additional 1,644,931 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Charles Schwab in the first quarter valued at approximately $105,563,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of Charles Schwab by 231.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider's stock valued at $108,433,000 after acquiring an additional 1,046,322 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

SCHW traded up $0.35 during trading on Tuesday, hitting $78.20. 10,244,276 shares of the stock were exchanged, compared to its average volume of 8,066,449. The stock has a fifty day moving average price of $67.50 and a two-hundred day moving average price of $69.46. The Charles Schwab Co. has a 1-year low of $53.60 and a 1-year high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $139.07 billion, a P/E ratio of 30.41, a PEG ratio of 1.69 and a beta of 0.96.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. Charles Schwab's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. Charles Schwab's dividend payout ratio is currently 39.06%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,965 shares of company stock worth $8,242,659. 6.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Piper Sandler raised their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. TD Cowen restated a "hold" rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, Jefferies Financial Group lowered their price objective on Charles Schwab from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.18.

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.