Opinicus Capital Inc. Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Opinicus Capital Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,204 shares of the financial services provider’s stock after acquiring an additional 675 shares during the quarter. Opinicus Capital Inc.’s holdings in Charles Schwab were worth $883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after purchasing an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after acquiring an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after acquiring an additional 296,317 shares in the last quarter. Norges Bank acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $950,192,000. Finally, Putnam Investments LLC raised its position in shares of Charles Schwab by 4.8% during the 4th quarter. Putnam Investments LLC now owns 12,237,705 shares of the financial services provider’s stock worth $841,954,000 after acquiring an additional 560,110 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the sale, the insider now owns 71,446 shares in the company, valued at $5,172,690.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the sale, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 658,663 shares of company stock valued at $48,997,146. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.2 %

Shares of NYSE SCHW traded up $0.13 on Friday, hitting $73.69. The company had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The business has a 50 day moving average of $74.42 and a two-hundred day moving average of $69.78. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $130.97 billion, a P/E ratio of 30.83, a PEG ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHW. Citigroup lifted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Bank of America lifted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a research note on Monday, June 17th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Finally, UBS Group lifted their price target on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $75.56.

Charles Schwab Profile

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.