Kathmere Capital Management LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Kathmere Capital Management LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,479 shares of the financial services provider’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in shares of Charles Schwab by 31.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,498,961 shares of the financial services provider’s stock worth $110,938,000 after acquiring an additional 360,692 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its position in Charles Schwab by 1.5% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 179,530 shares of the financial services provider’s stock worth $13,287,000 after purchasing an additional 2,628 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Charles Schwab by 25.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider’s stock valued at $1,363,000 after purchasing an additional 3,789 shares during the last quarter. Wynn Capital LLC raised its position in shares of Charles Schwab by 1.1% in the fourth quarter. Wynn Capital LLC now owns 27,648 shares of the financial services provider’s stock valued at $2,046,000 after purchasing an additional 295 shares during the period. Finally, Tlwm boosted its holdings in shares of Charles Schwab by 4.4% during the 4th quarter. Tlwm now owns 16,461 shares of the financial services provider’s stock worth $1,218,000 after buying an additional 695 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SCHW shares. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Wells Fargo & Company dropped their price target on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, The Goldman Sachs Group raised their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.63.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $75.40 on Friday. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The stock has a market capitalization of $134.19 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. 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 company’s 50 day simple moving average is $77.58 and its 200 day simple moving average is $70.60.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, research analysts predict that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by 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.