Inkwell Capital LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Inkwell Capital LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,330 shares of the financial services provider's stock, valued at approximately $3,725,000. Charles Schwab makes up approximately 4.0% of Inkwell Capital LLC's portfolio, making the stock its 10th largest holding.

Several other large investors have also recently added to or reduced their stakes in SCHW. United Bank boosted its stake in Charles Schwab by 11.0% in the fourth quarter. United Bank now owns 12,606 shares of the financial services provider's stock valued at $933,000 after acquiring an additional 1,254 shares during the period. Schroder Investment Management Group boosted its position in Charles Schwab by 10.1% during the 4th quarter. Schroder Investment Management Group now owns 630,922 shares of the financial services provider's stock valued at $46,644,000 after purchasing an additional 57,684 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Charles Schwab by 91.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,217,799 shares of the financial services provider's stock worth $460,179,000 after buying an additional 2,962,878 shares during the last quarter. Allianz SE acquired a new stake in Charles Schwab in the fourth quarter worth $634,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in Charles Schwab in the fourth quarter valued at $1,756,000. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SCHW shares. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price target for the company from $85.00 to $102.00 in a report on Wednesday. UBS Group increased their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Truist Financial lifted their target price on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, JMP Securities reissued a "market outperform" rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.28.

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Charles Schwab Price Performance

Shares of NYSE SCHW traded down $2.53 during mid-day trading on Thursday, reaching $76.06. The company had a trading volume of 6,582,937 shares, compared to its average volume of 8,896,124. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market cap of $137.94 billion, a PE ratio of 25.44, a P/E/G ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $79.48 and a two-hundred day moving average price of $75.69.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter last year, the business posted $0.68 EPS. Charles Schwab's revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.42%. Charles Schwab's dividend payout ratio (DPR) is currently 36.12%.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 513,081 shares of company stock worth $41,903,066. Corporate insiders own 6.60% of the company's stock.

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.