Quantbot Technologies LP Buys New Stake in The Charles Schwab Co. (NYSE:SCHW)

Quantbot Technologies LP purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,493 shares of the financial services provider’s stock, valued at approximately $2,351,000.

Several other large investors also recently bought and sold shares of SCHW. Investment Research & Advisory Group Inc. grew its stake in Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after buying an additional 607 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in shares of Charles Schwab by 98.0% in the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after acquiring an additional 2,322,156 shares during the period. Brown Advisory Inc. raised its position in Charles Schwab by 24.3% in the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after purchasing an additional 857,734 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares during the period. Finally, Retirement Systems of Alabama grew its position in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after purchasing an additional 152,967 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCHW shares. Morgan Stanley decreased their target price on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen decreased their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup upped their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Barclays lifted their price objective on shares of Charles Schwab from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.75.

Charles Schwab Price Performance

SCHW traded down $0.70 on Friday, hitting $75.38. 6,453,601 shares of the company were exchanged, compared to its average volume of 7,176,994. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $133.97 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 1.17 and a beta of 0.99. The business’s fifty day moving average is $74.31 and its 200 day moving average is $70.14.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.21 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 658,663 shares of company stock valued at $48,997,146. Insiders own 6.60% of the company’s stock.

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.