KLCM Advisors Inc. Makes New $221,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

KLCM Advisors Inc. acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,205 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other hedge funds also recently made changes to their positions in the business. Signet Financial Management LLC increased its holdings in shares of Charles Schwab by 0.3% during the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock worth $4,111,000 after purchasing an additional 139 shares during the period. Courier Capital LLC increased its holdings in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV increased its stake in Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 164 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the last quarter. Finally, Red Spruce Capital LLC increased its stake in Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after acquiring an additional 172 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 0.8 %

NYSE:SCHW opened at $72.50 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50-day moving average of $68.17 and a 200-day moving average of $62.82. The company has a market cap of $128.76 billion, a PE ratio of 30.33, a PEG ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.88.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.41 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is presently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price 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. Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus price target of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,584 shares of company stock valued at $14,200,769. Corporate insiders own 6.60% of the company’s stock.

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.