Opinicus Capital Inc. Invests $793,000 in The Charles Schwab Co. (NYSE:SCHW)

Opinicus Capital Inc. purchased a new position in The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,529 shares of the financial services provider’s stock, valued at approximately $793,000.

Other institutional investors have also bought and sold shares of the company. Providence Capital Advisors LLC purchased a new stake in Charles Schwab in the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of 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 during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the 4th quarter valued at about $31,000. BluePath Capital Management LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at about $34,000. Finally, Hall Laurie J Trustee bought a new position in shares of Charles Schwab during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

SCHW stock traded up $0.10 during midday trading on Friday, hitting $74.99. 5,560,677 shares of the stock traded hands, compared to its average volume of 7,173,721. The firm has a market cap of $133.19 billion, a P/E ratio of 31.38, a PEG 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 stock’s fifty day simple moving average is $69.68 and its 200-day simple moving average is $63.84. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Upgrades and Downgrades

Several research firms have commented on SCHW. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Citigroup increased their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, TD Cowen increased 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 given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.47.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the transaction, the chairman now directly owns 61,192,538 shares in the company, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,648 shares of company stock worth $27,400,905. 6.60% of the stock is owned by company insiders.

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.