Wynn Capital LLC Takes $1.77 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Wynn Capital LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,653 shares of the financial services provider's stock, valued at approximately $1,765,000. Charles Schwab makes up 1.4% of Wynn Capital LLC's portfolio, making the stock its 21st biggest position.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider's stock worth $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider's stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the period. Van ECK Associates Corp boosted its position in shares of Charles Schwab by 134.3% during the third quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider's stock valued at $290,986,000 after purchasing an additional 3,038,517 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Charles Schwab by 31.1% in the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider's stock worth $397,877,000 after acquiring an additional 1,717,137 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Charles Schwab by 3,123.9% in the third quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider's stock worth $74,686,000 after purchasing an additional 1,318,203 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

NYSE SCHW traded down $0.03 on Wednesday, hitting $75.20. 6,037,326 shares of the stock were exchanged, compared to its average volume of 7,776,370. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.55. The company has a market capitalization of $133.56 billion, a PE ratio of 31.43, a P/E/G ratio of 1.09 and a beta of 1.01. The business's fifty day moving average is $69.02 and its 200 day moving average is $63.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab's payout ratio is 41.84%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SCHW shares. JMP Securities restated a "market outperform" rating and set a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a "market perform" rating in a report on Tuesday, April 16th. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 16th. The Goldman Sachs Group restated a "neutral" rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.47.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares of the company's stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 299,892 shares of company stock worth $20,325,334. Corporate insiders own 6.60% 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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