Azora Capital LP Invests $12.12 Million in The Charles Schwab Co. (NYSE:SCHW)

Azora Capital LP purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 187,004 shares of the financial services provider’s stock, valued at approximately $12,120,000.

A number of other hedge funds have also bought and sold shares of SCHW. Kestra Investment Management LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth about $202,000. Point72 Hong Kong Ltd grew its position in shares of Charles Schwab by 4,584.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 106,895 shares of the financial services provider’s stock valued at $6,928,000 after acquiring an additional 104,613 shares during the period. Paradigm Capital Management LLC NV bought a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $536,000. Timber Creek Capital Management LLC increased its stake in shares of Charles Schwab by 1.9% during the 3rd quarter. Timber Creek Capital Management LLC now owns 117,250 shares of the financial services provider’s stock worth $7,599,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its holdings in shares of Charles Schwab by 17.1% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 67,307 shares of the financial services provider’s stock worth $4,362,000 after purchasing an additional 9,839 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities boosted their price target on shares of Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.56.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,968 shares of company stock valued at $9,419,271. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $82.76 on Monday. The business has a 50-day simple moving average of $72.37 and a 200 day simple moving average of $69.97. The Charles Schwab Co. has a 52 week low of $59.61 and a 52 week high of $83.35. The stock has a market cap of $147.28 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.79 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 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. On average, research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business 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 1.21%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

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.