Pointe Capital Management LLC Has $565,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Pointe Capital Management LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,215 shares of the financial services provider’s stock after acquiring an additional 565 shares during the period. Pointe Capital Management LLC’s holdings in Charles Schwab were worth $565,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Investment Research & Advisory Group Inc. increased its stake in shares of Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the period. Bamco Inc. NY lifted its holdings in shares of Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after buying an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Charles Schwab by 13.0% during the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after acquiring an additional 152,967 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCHW. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.71 during trading on Friday, reaching $76.04. The stock had a trading volume of 5,414,735 shares, compared to its average volume of 7,577,556. The stock has a market capitalization of $135.05 billion, a PE ratio of 31.82, a P/E/G ratio of 1.10 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $76.47. The business’s 50-day moving average price is $70.75 and its 200 day moving average price is $64.63. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is presently 41.84%.

Insider Activity

In other news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction that occurred 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 directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The sale 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 Charles Schwab stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly 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. Over the last ninety days, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Company 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.