Capital A Wealth Management LLC Acquires New Shares in The Charles Schwab Co. (NYSE:SCHW)

Capital A Wealth Management LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,486 shares of the financial services provider's stock, valued at approximately $406,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab during the 4th quarter valued at $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the 4th quarter valued at $41,000. Knuff & Co LLC boosted its holdings in shares of Charles Schwab by 1,309.3% during the 4th 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 shares of Charles Schwab during the 4th quarter valued at $46,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab during the 4th quarter valued at $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.59 during trading on Friday, hitting $88.35. The company's stock had a trading volume of 11,834,362 shares, compared to its average volume of 9,398,983. The company has a 50-day moving average of $80.83 and a 200-day moving average of $79.37. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. 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 firm has a market cap of $160.53 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping 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 company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter last year, the business earned $0.74 EPS. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SCHW shares. TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley increased their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler increased their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.63.

Insider Activity

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was 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 approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,735 shares of company stock worth $8,867,382 over the last quarter. Insiders own 6.30% of the company's stock.

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.