YANKCOM Partnership Buys New Holdings in The Charles Schwab Co. (NYSE:SCHW)

YANKCOM Partnership bought a new stake in The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,440 shares of the financial services provider’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHW. Choreo LLC boosted its stake in Charles Schwab by 5.2% during the 4th quarter. Choreo LLC now owns 123,458 shares of the financial services provider’s stock valued at $9,128,000 after purchasing an additional 6,047 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in Charles Schwab during the 4th quarter valued at about $236,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Charles Schwab by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,500 shares of the financial services provider’s stock valued at $16,179,000 after purchasing an additional 7,746 shares during the last quarter. Jericho Financial LLP acquired a new position in Charles Schwab during the 4th quarter valued at about $781,000. Finally, Y.D. More Investments Ltd boosted its stake in Charles Schwab by 122.3% during the 4th quarter. Y.D. More Investments Ltd now owns 1,845 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,015 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SCHW. Piper Sandler boosted their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday. JMP Securities restated a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Bank of America cut their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. Two 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $84.50.

Charles Schwab Trading Up 2.1 %

Shares of SCHW stock opened at $83.62 on Friday. The stock has a market capitalization of $148.81 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.94. The company’s fifty day simple moving average is $77.97 and its two-hundred day simple moving average is $71.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, analysts anticipate 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 issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 33.44%.

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.