Capricorn Fund Managers Ltd Purchases Shares of 10,665 The Charles Schwab Co. (NYSE:SCHW)

Capricorn Fund Managers Ltd acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,665 shares of the financial services provider’s stock, valued at approximately $788,000.

Several other institutional investors also recently modified their holdings of SCHW. Intech Investment Management LLC raised its holdings in Charles Schwab by 21.1% during the 2nd quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 4,395 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Charles Schwab by 8.1% in the second quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after buying an additional 4,081 shares during the period. Pacer Advisors Inc. boosted its position in shares of Charles Schwab by 4.6% during the second quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock valued at $7,859,000 after purchasing an additional 4,696 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Charles Schwab by 5.2% in the 2nd quarter. ProShare Advisors LLC now owns 303,142 shares of the financial services provider’s stock worth $22,339,000 after buying an additional 14,855 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in Charles Schwab by 923.3% in the second quarter. Frank Rimerman Advisors LLC now owns 17,990 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 16,232 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 1.4 %

NYSE:SCHW opened at $76.53 on Tuesday. The firm has a 50-day simple moving average of $77.65 and a 200-day simple moving average of $70.62. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.35. The firm has a market cap of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insiders Place Their Bets

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday. Citigroup dropped their price objective on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reduced their price target on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.41.

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.