Sage Mountain Advisors LLC Acquires 1,118 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sage Mountain Advisors LLC grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,832 shares of the financial services provider’s stock after purchasing an additional 1,118 shares during the period. Sage Mountain Advisors LLC’s holdings in Charles Schwab were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SCHW. Sugarloaf Wealth Management LLC raised its position in Charles Schwab by 60.0% during the 4th 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 in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $31,000. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $34,000. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in 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 valued at $41,000 after buying an additional 268 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,449,251.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 16,390 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,282 shares of company stock valued at $21,373,311. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Barclays lifted their price objective 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. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Bank of America raised their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $74.26 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $68.77 and its 200 day moving average is $63.35. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $74.98. The company has a market cap of $131.88 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is presently 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.