Opinicus Capital Inc. Purchases New Shares in The Charles Schwab Co. (NYSE:SCHW)

Opinicus Capital Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,529 shares of the financial services provider’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Courier Capital LLC increased its stake in Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 161 shares during the period. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Red Spruce Capital LLC increased its stake in Charles Schwab by 0.4% in the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after buying an additional 172 shares during the period. Uncommon Cents Investing LLC increased its stake in Charles Schwab by 1.2% in the 4th quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 175 shares during the period. Finally, Diligent Investors LLC increased its stake in Charles Schwab by 3.0% in the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Raymond James lowered their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.47.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 394,648 shares of company stock worth $27,400,905. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.1 %

NYSE:SCHW traded up $0.10 on Friday, reaching $74.99. The stock had a trading volume of 5,560,677 shares, compared to its average volume of 7,173,721. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. 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 firm’s fifty day moving average is $69.68 and its two-hundred day moving average is $63.84. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.55.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

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.