Zeke Capital Advisors LLC lifted its position in Charles Schwab Corp (NYSE:SCHW) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,903 shares of the financial services provider’s stock after purchasing an additional 994 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Charles Schwab were worth $1,125,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Tower Bridge Advisors increased its position in shares of Charles Schwab by 0.4% in the fourth quarter. Tower Bridge Advisors now owns 276,921 shares of the financial services provider’s stock valued at $14,225,000 after buying an additional 1,011 shares in the last quarter. Frontier Investment Mgmt Co. boosted its stake in shares of Charles Schwab by 8.2% in the fourth quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock worth $752,000 after acquiring an additional 1,112 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Charles Schwab by 7.5% in the fourth quarter. Global X Management Co. LLC now owns 16,095 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 1,125 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Charles Schwab by 0.4% in the fourth quarter. Baker Avenue Asset Management LP now owns 291,144 shares of the financial services provider’s stock worth $14,956,000 after acquiring an additional 1,137 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its stake in shares of Charles Schwab by 19.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 7,072 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 80.60% of the company’s stock.
A number of analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Charles Schwab in a research note on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $55.00 price target (up from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Zacks Investment Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Friday, January 5th. Morgan Stanley boosted their price objective on Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Argus boosted their price objective on Charles Schwab from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Charles Schwab currently has a consensus rating of “Hold” and an average price target of $54.64.
In other news, Chairman Charles R. Schwab sold 240,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $55.13, for a total transaction of $13,231,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 300,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 922,251 shares of company stock worth $50,343,908. 12.00% of the stock is owned by company insiders.
Charles Schwab Corp (SCHW) traded up $0.43 during mid-day trading on Friday, hitting $56.02. The company had a trading volume of 1,391,989 shares, compared to its average volume of 7,294,652. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a market cap of $75,321.70, a P/E ratio of 34.53, a PEG ratio of 1.37 and a beta of 1.58. Charles Schwab Corp has a 52-week low of $37.16 and a 52-week high of $58.11.
Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. sell-side analysts expect that Charles Schwab Corp will post 2.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.10 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 8th. This represents a $0.40 annualized dividend and a yield of 0.71%. Charles Schwab’s dividend payout ratio is 24.84%.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/16/charles-schwab-corp-schw-shares-bought-by-zeke-capital-advisors-llc.html.
Charles Schwab Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.