GAMMA Investing LLC Has $1.57 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

GAMMA Investing LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,149 shares of the financial services provider’s stock after buying an additional 2,938 shares during the quarter. GAMMA Investing LLC’s holdings in Charles Schwab were worth $1,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the 3rd quarter worth $25,000. Washington Trust Advisors Inc. grew its stake in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Charles Schwab in the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at approximately $32,000. Finally, Planning Capital Management Corp bought a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.8 %

Shares of NYSE:SCHW opened at $74.45 on Friday. The business has a fifty day simple moving average of $77.35 and a 200 day simple moving average of $70.63. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The firm has a market cap of $132.50 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.76 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on SCHW shares. Citigroup lowered their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Piper Sandler raised their price target on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.50.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. This represents a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,968 shares of company stock valued at $8,842,821 over the last quarter. 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.