Vicus Capital Makes New Investment in The Charles Schwab Corporation $SCHW

Vicus Capital purchased a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,955 shares of the financial services provider’s stock, valued at approximately $569,000.

A number of other large investors also recently modified their holdings of SCHW. Brighton Jones LLC boosted its stake in shares of Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Charles Schwab by 1,674.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,200 shares of the financial services provider’s stock valued at $1,265,000 after buying an additional 15,287 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $217,000. RDA Financial Network acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $267,000. Finally, Douglas Lane & Associates LLC bought a new stake in Charles Schwab during the 2nd quarter worth approximately $242,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 1.8%

SCHW opened at $101.95 on Tuesday. The company has a fifty day moving average price of $96.51 and a two-hundred day moving average price of $95.22. The Charles Schwab Corporation has a 1-year low of $65.88 and a 1-year high of $104.76. The company has a market cap of $181.16 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. Charles Schwab had a return on equity of 21.02% and a net margin of 35.93%.The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Charles Schwab’s payout ratio is currently 25.29%.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the sale, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Charles Schwab in a research report on Wednesday, October 8th. UBS Group upped their price target on Charles Schwab from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Bank of America lifted their price objective on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.57.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.