50,330 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Inkwell Capital LLC

Inkwell Capital LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,330 shares of the financial services provider’s stock, valued at approximately $3,725,000. Charles Schwab comprises approximately 4.0% of Inkwell Capital LLC’s holdings, making the stock its 10th largest position.

A number of other large investors have also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the 4th quarter valued at $38,000. Atala Financial Inc bought a new position in shares of Charles Schwab during the fourth quarter valued at about $41,000. Knuff & Co LLC boosted its holdings in 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 during the last quarter. Financial Life Planners bought a new stake in Charles Schwab in the 4th quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter valued at about $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 2.3 %

Charles Schwab stock opened at $77.79 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a market cap of $141.08 billion, a P/E ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.98. The firm’s fifty day moving average price is $79.55 and its 200-day moving average price is $75.36.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company earned $0.68 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.39%. Charles Schwab’s payout ratio is presently 36.12%.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,936,320. This represents a 14.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 509,701 shares of company stock valued at $41,641,353 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SCHW. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, UBS Group boosted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.33.

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.