Kathmere Capital Management LLC bought a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,479 shares of the financial services provider's stock, valued at approximately $257,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC lifted its position in Charles Schwab by 311.8% in the 2nd quarter. Virtu Financial LLC now owns 17,858 shares of the financial services provider's stock valued at $1,316,000 after acquiring an additional 13,521 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Charles Schwab by 4.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 75,859 shares of the financial services provider's stock worth $5,590,000 after buying an additional 3,388 shares during the period. Waterloo Capital L.P. raised its position in Charles Schwab by 18.5% in the 2nd quarter. Waterloo Capital L.P. now owns 15,745 shares of the financial services provider's stock valued at $1,160,000 after buying an additional 2,456 shares during the last quarter. Seven Eight Capital LP acquired a new position in Charles Schwab during the 2nd quarter worth approximately $1,756,000. Finally, WCG Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 6.3% in the second quarter. WCG Wealth Advisors LLC now owns 79,483 shares of the financial services provider's stock valued at $5,857,000 after purchasing an additional 4,734 shares during the last quarter. 84.38% of the stock is owned by institutional investors.
Insider Activity at Charles Schwab
In related news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the insider now directly owns 18,069 shares of the company's stock, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company's stock, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company's stock.
Charles Schwab Stock Performance
SCHW stock traded up $1.02 during trading hours on Friday, hitting $76.53. 12,277,167 shares of the stock were exchanged, compared to its average volume of 8,452,891. The company has a 50-day simple moving average of $77.63 and a two-hundred day simple moving average of $70.63. The firm has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.85 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $0.77 earnings per share. On average, analysts forecast that The Charles Schwab Co. will post 3.13 earnings per share for the current fiscal year.
Charles Schwab Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. Charles Schwab's payout ratio is 39.06%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on SCHW shares. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Citigroup reduced their price target on Charles Schwab from $85.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and an average price target of $81.41.
Get Our Latest Analysis on Charles Schwab
Charles Schwab Profile
(
Free Report)
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.
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