635 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Signature Resources Capital Management LLC

Signature Resources Capital Management LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 635 shares of the financial services provider’s stock, valued at approximately $44,000.

Several other hedge funds also recently made changes to their positions in SCHW. Massachusetts Financial Services Co. MA raised its position in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the period. Ameriprise Financial Inc. increased its position in Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after buying an additional 4,624,302 shares during the period. Van ECK Associates Corp lifted its stake in Charles Schwab by 134.3% in the third quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock valued at $290,986,000 after buying an additional 3,038,517 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Charles Schwab by 31.1% during the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock worth $397,877,000 after acquiring an additional 1,717,137 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Charles Schwab by 3,123.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock worth $74,686,000 after acquiring an additional 1,318,203 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.9 %

SCHW traded up $0.71 during trading on Friday, reaching $76.04. 5,414,735 shares of the stock traded hands, compared to its average volume of 7,577,556. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $76.47. The stock’s 50-day simple moving average is $70.75 and its two-hundred day simple moving average is $64.63. The stock has a market cap of $135.05 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

Several research firms have commented on SCHW. Raymond James decreased their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. TD Cowen raised their target price on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Barclays upped their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average target price of $74.47.

Insider Activity at Charles Schwab

In other news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the sale, the chief financial officer now directly owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,459 shares of company stock valued at $36,371,155. 6.60% of the stock is currently owned by corporate insiders.

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.