Opinicus Capital Inc. Has $732,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Opinicus Capital Inc. cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,892 shares of the financial services provider’s stock after selling 2,146 shares during the period. Opinicus Capital Inc.’s holdings in Charles Schwab were worth $732,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its holdings in shares of Charles Schwab by 5.2% during the 3rd quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock worth $549,000 after buying an additional 422 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Charles Schwab in the third quarter worth $32,000. Sanibel Captiva Trust Company Inc. bought a new stake in Charles Schwab in the third quarter valued at $201,000. Tobam boosted its position in shares of Charles Schwab by 17.5% during the 3rd quarter. Tobam now owns 3,652 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 545 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in Charles Schwab in the 3rd quarter valued at about $1,750,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,014 shares of company stock valued at $4,052,281 in the last quarter. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Cowen increased their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Citigroup boosted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

Charles Schwab Stock Down 0.5 %

Shares of SCHW opened at $83.18 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a 50 day simple moving average of $77.99 and a two-hundred day simple moving average of $71.66. The firm has a market cap of $148.04 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.30%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 33.44%.

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.