GAMMA Investing LLC Invests $725,000 in The Charles Schwab Co. (NYSE:SCHW)

GAMMA Investing LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,523 shares of the financial services provider’s stock, valued at approximately $725,000.

A number of other large investors have also recently added to or reduced their stakes in SCHW. International Assets Investment Management LLC grew its stake in Charles Schwab by 49.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,382 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 3,412 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Charles Schwab by 81.9% during the 3rd quarter. Ritholtz Wealth Management now owns 13,596 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 6,121 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Charles Schwab by 5.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 256 shares during the last quarter. Kozak & Associates Inc. boosted its stake in shares of Charles Schwab by 44.0% during the 3rd quarter. Kozak & Associates Inc. now owns 99,879 shares of the financial services provider’s stock worth $5,146,000 after purchasing an additional 30,501 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Charles Schwab by 14.9% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,451 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 708 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Bank of America raised their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price target 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. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Charles R. Schwab sold 16,390 shares of the company’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 transaction, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The disclosure for this sale can be found here. Insiders sold 316,282 shares of company stock valued at $21,373,311 over the last 90 days. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Up 1.3 %

Shares of NYSE SCHW traded up $0.97 during trading hours on Tuesday, hitting $75.24. The stock had a trading volume of 9,242,846 shares, compared to its average volume of 7,798,636. The company has a market capitalization of $133.62 billion, a P/E ratio of 31.41, a P/E/G ratio of 1.07 and a beta of 1.01. The firm’s 50-day moving average price is $68.77 and its two-hundred day moving average price is $63.35. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s payout ratio is currently 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.