Tidal Investments LLC Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Tidal Investments LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,185 shares of the financial services provider's stock after buying an additional 9,245 shares during the period. Tidal Investments LLC's holdings in Charles Schwab were worth $7,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the third quarter worth about $25,000. Washington Trust Advisors Inc. grew its holdings 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 buying an additional 149 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Charles Schwab during the second quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Charles Schwab in the second quarter worth $29,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the third quarter worth $31,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company'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 of the company's stock, valued at approximately $35,543,202.45. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,968 shares of company stock worth $9,419,271. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. Barclays upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $74.00 to $95.00 in a research note on Monday. Piper Sandler increased their price target on Charles Schwab from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Hold" and an average price target of $79.75.

Charles Schwab Trading Down 4.2 %

Shares of SCHW traded down $3.48 during mid-day trading on Friday, reaching $79.37. 9,306,673 shares of the company's stock traded hands, compared to its average volume of 7,994,362. The Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $141.25 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.79 and a beta of 0.96. The stock's 50-day moving average is $75.55 and its two-hundred day moving average is $70.41.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. Research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is presently 39.06%.

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.