Davidson Kahn Capital Management LLC Makes New $859,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Davidson Kahn Capital Management LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,601 shares of the financial services provider's stock, valued at approximately $859,000.

Other large investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc acquired a new stake in Charles Schwab in the fourth quarter worth $41,000. Knuff & Co LLC boosted its position in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners acquired a new position in shares of Charles Schwab in the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the 4th quarter valued at $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Redburn Partners decreased 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. JMP Securities reissued a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. UBS Group lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, 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 research report on Tuesday, April 8th. Two investment 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.22.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 9,559 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,041 shares of company stock valued at $41,072,558 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of SCHW traded up $1.59 during midday trading on Friday, reaching $83.10. The stock had a trading volume of 9,348,126 shares, compared to its average volume of 9,388,056. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $76.90 and a 200-day simple moving average of $77.45. The firm has a market cap of $150.71 billion, a PE ratio of 27.79, a P/E/G ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

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, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

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

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.