Capital Management Associates Inc Acquires 451 Shares of The Charles Schwab Co. (NYSE:SCHW)

Capital Management Associates Inc boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,062 shares of the financial services provider’s stock after buying an additional 451 shares during the quarter. Capital Management Associates Inc’s holdings in Charles Schwab were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arcataur Capital Management LLC boosted its position in shares of Charles Schwab by 11.3% in the fourth quarter. Arcataur Capital Management LLC now owns 7,398 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 750 shares during the period. Realta Investment Advisors lifted its stake in shares of Charles Schwab by 2,238.7% during the 4th quarter. Realta Investment Advisors now owns 725 shares of the financial services provider’s stock valued at $54,000 after buying an additional 694 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Charles Schwab in the 4th quarter worth $62,000. Lecap Asset Management Ltd. raised its holdings in Charles Schwab by 242.0% during the fourth quarter. Lecap Asset Management Ltd. now owns 50,029 shares of the financial services provider’s stock valued at $3,703,000 after acquiring an additional 35,399 shares during the period. Finally, William Allan Corp lifted its position in shares of Charles Schwab by 1.6% in the fourth quarter. William Allan Corp now owns 49,936 shares of the financial services provider’s stock valued at $3,696,000 after acquiring an additional 781 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Cowen boosted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Piper Sandler raised their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.50.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction 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 sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 in the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Down 0.5 %

SCHW stock opened at $83.18 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.04. The stock has a market capitalization of $148.04 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $77.99 and its two-hundred day simple moving average is $71.66.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. As a group, analysts anticipate that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

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.