Wisconsin Capital Management LLC Acquires Shares of 3,500 The Charles Schwab Co. (NYSE:SCHW)

Wisconsin Capital Management LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,500 shares of the financial services provider’s stock, valued at approximately $241,000.

A number of other institutional investors have also made changes to their positions in SCHW. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after acquiring an additional 6,195,934 shares during the period. Ameriprise Financial Inc. raised its holdings in Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the last quarter. Van ECK Associates Corp raised its holdings in Charles Schwab by 134.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock worth $290,986,000 after purchasing an additional 3,038,517 shares during the last quarter. Lazard Asset Management LLC boosted its position in Charles Schwab by 31.1% during the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock valued at $397,877,000 after acquiring an additional 1,717,137 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Charles Schwab by 3,123.9% during the third quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock worth $74,686,000 after purchasing an additional 1,318,203 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction dated 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 owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 389,167 shares of company stock worth $26,987,035. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on SCHW shares. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Barclays increased their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Finally, JMP Securities restated 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 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.com, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Price Performance

SCHW traded down $0.33 during trading on Thursday, reaching $74.86. 6,374,160 shares of the company were exchanged, compared to its average volume of 7,758,854. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.55. The company’s 50-day moving average is $69.47 and its two-hundred day moving average is $63.68. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $132.96 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s payout ratio is 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.