Capital Advantage Inc. Invests $600,000 in The Charles Schwab Co. (NYSE:SCHW)

Capital Advantage Inc. purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,109 shares of the financial services provider's stock, valued at approximately $600,000.

A number of other institutional investors also recently made changes to their positions in SCHW. Merit Financial Group LLC boosted its position in Charles Schwab by 230.1% during the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock worth $2,483,000 after buying an additional 23,383 shares during the period. Oregon Pacific Wealth Management LLC bought a new stake in shares of Charles Schwab during the fourth quarter worth about $688,000. Golden State Equity Partners grew its holdings in Charles Schwab by 293.9% during the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after buying an additional 9,108 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after purchasing an additional 43,308 shares during the last quarter. Finally, Client 1ST Advisory Group LLC purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $320,000. Institutional investors own 84.38% of the company's stock.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. In the last three months, insiders sold 503,041 shares of company stock valued at $41,072,558. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

NYSE:SCHW opened at $83.35 on Tuesday. The firm has a market capitalization of $151.16 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company's 50-day moving average is $76.99 and its two-hundred day moving average is $77.58.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period last year, the business earned $0.74 earnings per share. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.30%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SCHW shares. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price objective for the company in a report on Tuesday, April 8th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and increased their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average target price of $87.22.

Charles Schwab Company 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.

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