Inscription Capital LLC Takes $542,000 Position in The Charles Schwab Corporation (NYSE:SCHW)

Inscription Capital LLC purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,496 shares of the financial services provider's stock, valued at approximately $542,000.

A number of other large investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Charles Schwab during the 4th quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC increased its stake in Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock worth $814,545,000 after buying an additional 8,584,173 shares in the last quarter. FMR LLC raised its holdings in shares of Charles Schwab by 69.4% during the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after acquiring an additional 3,974,940 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Charles Schwab by 742.0% during the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after acquiring an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after acquiring an additional 3,216,000 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SCHW shares. 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. Morgan Stanley upped their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. TD Securities increased their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Finally, TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

Charles Schwab Trading Down 0.0%

Shares of Charles Schwab stock opened at $88.95 on Wednesday. The company has a 50-day moving average of $83.96 and a two-hundred day moving average of $79.94. The stock has a market cap of $161.61 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period last year, the business posted $0.74 EPS. On average, research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 8,614 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now directly owns 49,204 shares of the company's stock, valued at $3,936,320. The trade was a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock worth $8,392,040 in the last three months. Corporate 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.

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