Nearwater Capital Markets Ltd Acquires New Holdings in The Charles Schwab Co. (NYSE:SCHW)

Nearwater Capital Markets Ltd bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the financial services provider’s stock, valued at approximately $7,401,000.

A number of other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the fourth quarter worth $38,000. Atala Financial Inc purchased a new position in Charles Schwab in the 4th quarter worth approximately $41,000. Knuff & Co LLC increased its holdings in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners bought a new position in Charles Schwab during the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab during the fourth quarter valued at $46,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 9,559 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,412 shares of company stock valued at $3,014,797 in the last quarter. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SCHW. Morgan Stanley lifted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.61.

Charles Schwab Stock Performance

Charles Schwab stock opened at $86.21 on Wednesday. The stock has a market cap of $156.35 billion, a PE ratio of 28.83, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $77.86 and its two-hundred day moving average price is $78.08. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $87.00.

Charles Schwab (NYSE:SCHW) last announced its 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 net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm earned $0.74 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 1.25%. The ex-dividend date is Friday, May 9th. Charles Schwab’s 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.