25,653 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Wynn Capital LLC

Wynn Capital LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 25,653 shares of the financial services provider’s stock, valued at approximately $1,765,000. Charles Schwab makes up 1.4% of Wynn Capital LLC’s investment portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its holdings in shares of Charles Schwab by 5.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 256 shares during the last quarter. Cedar Brook Financial Partners LLC increased its holdings in shares of Charles Schwab by 10.8% during the 3rd quarter. Cedar Brook Financial Partners LLC now owns 4,128 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 403 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Charles Schwab by 0.6% during the 3rd quarter. GHP Investment Advisors Inc. now owns 61,627 shares of the financial services provider’s stock valued at $3,163,000 after acquiring an additional 350 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Charles Schwab by 109.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 7,034 shares during the last quarter. Finally, Riverview Trust Co increased its holdings in shares of Charles Schwab by 173.1% during the 3rd quarter. Riverview Trust Co now owns 1,931 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 1,224 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 299,892 shares of company stock worth $20,325,334. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

SCHW traded down $0.03 during trading on Wednesday, hitting $75.20. The company’s stock had a trading volume of 6,037,326 shares, compared to its average volume of 7,776,370. The firm’s 50 day moving average price is $69.02 and its two-hundred day moving average price is $63.52. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $75.55. The stock has a market capitalization of $133.56 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SCHW shares. Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. TD Cowen raised their target price on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.47.

About Charles Schwab

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.