Capricorn Fund Managers Ltd Increases Stake in The Charles Schwab Co.

Capricorn Fund Managers Ltd has recently disclosed the acquisition of a new stake in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, as noted in their latest Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased a total of 10,665 shares in this financial services provider, which is estimated to be worth around $788,000.

In addition to Capricorn Fund Managers, several other institutional investors have also made adjustments to their positions in SCHW. For instance, Intech Investment Management LLC increased its holdings in Charles Schwab by 21.1% during the second quarter, bringing its total to 25,194 shares valued at approximately $1,857,000 after acquiring an extra 4,395 shares.

Another institutional investor, AE Wealth Management LLC, raised its stake by 8.1% in the same quarter, now holding 54,686 shares worth $4,030,000 after acquiring an additional 4,081 shares. Pacer Advisors Inc. also expanded their position by 4.6%, increasing to 106,653 shares valued at $7,859,000 after purchasing 4,696 shares previously.

Furthermore, ProShare Advisors LLC grew its holdings by 5.2%, now owning 303,142 shares valued at $22,339,000 following an additional buy of 14,855 shares. Notably, Frank Rimerman Advisors LLC experienced a significant increase of 923.3%, with now 17,990 shares worth around $1,326,000 after buying an additional 16,232 shares. This indicates that a significant 84.38% of Charles Schwab’s stock is currently owned by institutional investors.

Recent Trading Activity

On Tuesday, shares of Charles Schwab opened at $76.53, showcasing a trading increase of 1.4%. The company has a 50-day simple moving average of $77.65 and a 200-day simple moving average of $70.62. Over the past year, The Charles Schwab Co. reached a low of $61.01 and a high of $83.35. The firm currently holds a market capitalization of $136.20 billion, with a price-to-earnings ratio of 29.90, a price-to-earnings growth (P/E/G) ratio of 1.41, and a beta of 0.99. Additionally, the company presents a debt-to-equity ratio of 0.59, with both quick and current ratios at 0.47.

Dividend Information

The company announced a quarterly dividend which was paid recently on November 22nd. Shareholders recorded on November 8th received a dividend of $0.25. This translates to an annualized dividend of $1.00, yielding approximately 1.31%. Currently, Charles Schwab maintains a dividend payout ratio (DPR) of 39.06%.

Insider Trading Activity

In recent insider trading news, Director Christopher V. Dodds sold 9,284 shares of the stock on November 18th at an average price of $81.43, totaling $755,996.12. Following this transaction, Dodds retains a ownership of 442,807 shares valued at around $36,057,774. This sale represents a 2.05% decrease in his position. Another insider, Jonathan S. Beatty, sold 2,500 shares on November 11th at an average price of $77.02 for $192,550.00. He now holds 18,069 shares valued at approximately $1,391,674.38, reflecting a 12.15% reduction in his holdings. Throughout the last 90 days, insiders have sold 26,823 shares, totaling $2,171,194. Currently, around 6.60% of the stock is owned by corporate insiders.

Analyst Ratings

Various research analysts have recently weighed in on Charles Schwab’s stock. Redburn Partners revised their price target downwards from $70.00 to $68.00, initiating a “sell” rating. Conversely, Citigroup reduced its price objective from $85.00 to $80.00, issuing a “neutral” rating. Wells Fargo & Company also decreased their price target from $90.00 to $89.00 with an “equal weight” rating. Meanwhile, Keefe, Bruyette & Woods updated their target price from $81.00 to $93.00, rating the stock as “outperform.” Lastly, Cowen raised their target price from $69.00 to $75.00, giving it a “hold” rating. Across the board, analysts have labeled the stock with various ratings, resulting in an average consensus rating classified as “Hold” and an average price target of $81.41.

Understanding Charles Schwab

Company Overview

The Charles Schwab Corporation operates as a savings and loan holding company, offering a multitude of financial services that include wealth management, securities brokerage, banking, asset management, custody, and financial advisory services both in the United States and internationally. The business is divided into two main segments: Investor Services and Advisor Services.

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