Bridgefront Capital LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Bridgefront Capital LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,781 shares of the financial services provider's stock, valued at approximately $798,000.

A number of other hedge funds also recently made changes to their positions in SCHW. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the fourth quarter valued at $38,000. Atala Financial Inc bought a new position in Charles Schwab during the 4th quarter valued at about $41,000. Knuff & Co LLC boosted its position in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares in the last quarter. Financial Life Planners bought a new stake in Charles Schwab during the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,041 shares of company stock valued at $41,072,558 over the last three months. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 0.2 %

NYSE SCHW traded up $0.16 during trading hours on Friday, reaching $84.53. 5,909,955 shares of the company's stock were exchanged, compared to its average volume of 9,395,902. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $85.19. The company's 50-day moving average is $77.48 and its two-hundred day moving average is $77.84. The company has a market capitalization of $153.30 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Finally, Barclays cut their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

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.