Callan Capital LLC Purchases New Stake in The Charles Schwab Co. (NYSE:SCHW)

Callan Capital LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,853 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other hedge funds have also recently bought and sold shares of SCHW. Sugarloaf Wealth Management LLC raised its stake in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $31,000. Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $34,000. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab during the third quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in shares of Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after buying an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SCHW shares. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Morgan Stanley raised their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Barclays boosted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the transaction, the chairman now owns 61,192,538 shares of the company’s stock, valued at approximately $3,953,037,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,648 shares of company stock worth $27,400,905. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.10 during midday trading on Friday, reaching $74.99. 5,523,207 shares of the company traded hands, compared to its average volume of 7,731,735. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.55. The stock has a 50-day moving average price of $69.68 and a 200 day moving average price of $63.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors 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 dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.