Y.D. More Investments Ltd Purchases 1,015 Shares of The Charles Schwab Co. (NYSE:SCHW)

Y.D. More Investments Ltd increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 122.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,845 shares of the financial services provider’s stock after acquiring an additional 1,015 shares during the quarter. Y.D. More Investments Ltd’s holdings in Charles Schwab were worth $137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Washington Trust Advisors Inc. lifted its holdings in shares of 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 during the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab in the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the third quarter worth about $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of several research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price objective (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. UBS Group boosted their price objective 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. Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $84.11.

Insiders Place Their Bets

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 transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a filing 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 on 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 approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

NYSE:SCHW opened at $81.79 on Thursday. 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 company has a 50 day moving average price of $77.99 and a 200-day moving average price of $71.50. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.84. The firm has a market cap of $145.57 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating 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 analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio is presently 33.44%.

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.