Jericho Financial LLP Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Jericho Financial LLP purchased a new position in The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,548 shares of the financial services provider’s stock, valued at approximately $781,000.

Several other large investors have also added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. boosted its stake 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 in the last quarter. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Charles Schwab during the 3rd quarter valued at approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $81.90 on Wednesday. The business has a 50-day simple moving average of $77.99 and a two-hundred day simple moving average of $71.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84.

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 the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

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

Insider Buying and Selling

In other news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock valued at $4,052,281 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SCHW. Truist Financial restated a “buy” rating and set a $90.00 price target (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Citigroup lifted their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.11.

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.