Alpha DNA Investment Management LLC Acquires 21,906 Shares of The Charles Schwab Co. (NYSE:SCHW)

Alpha DNA Investment Management LLC raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 119.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,274 shares of the financial services provider's stock after purchasing an additional 21,906 shares during the period. Charles Schwab accounts for approximately 1.1% of Alpha DNA Investment Management LLC's portfolio, making the stock its 8th biggest holding. Alpha DNA Investment Management LLC's holdings in Charles Schwab were worth $2,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC grew its position in 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 acquiring an additional 124 shares during the period. N.E.W. Advisory Services LLC grew its holdings in shares of Charles Schwab by 1.7% during 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 purchasing an additional 125 shares during the period. Klingman & Associates LLC increased its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after purchasing an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Charles Schwab by 2.7% in the 4th 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 lifted its position in Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SCHW. Truist Financial decreased their price objective on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating on the stock in a report on Monday. JMP Securities restated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday. TD Cowen raised Charles Schwab from a "hold" rating to a "buy" rating and lifted their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. 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. Finally, Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.78.

Charles Schwab Trading Up 1.9 %

Shares of SCHW traded up $1.47 during mid-day trading on Wednesday, reaching $78.05. The company had a trading volume of 4,097,405 shares, compared to its average volume of 9,297,748. The stock has a market cap of $141.55 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $76.91 and a 200-day simple moving average of $76.74. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company's stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 502,030 shares of company stock valued at $40,988,118 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

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.