Charles Schwab Investment Management Inc. Has $370,000 Holdings in Townsquare Media, Inc. (NYSE:TSQ)

Charles Schwab Investment Management Inc. grew its position in Townsquare Media, Inc. (NYSE:TSQ) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,730 shares of the company’s stock after purchasing an additional 3,319 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.26% of Townsquare Media worth $370,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TSQ. BNP Paribas Financial Markets grew its holdings in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of Townsquare Media by 33.3% in the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after acquiring an additional 10,000 shares during the period. Barclays PLC grew its stake in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after acquiring an additional 14,109 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Townsquare Media by 5.2% in the fourth quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock valued at $515,000 after acquiring an additional 2,804 shares in the last quarter. Finally, State Street Corp increased its position in Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares during the period. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Stock Performance

Shares of TSQ stock opened at $7.96 on Wednesday. Townsquare Media, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $13.57. The company has a market cap of $128.31 million, a PE ratio of -2.94, a P/E/G ratio of 0.58 and a beta of 1.33. The stock’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $9.43.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same period last year, the firm posted $0.34 earnings per share. On average, equities analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.05%. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, April 17th. Townsquare Media’s dividend payout ratio is currently -69.57%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a report on Tuesday, March 18th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Finally, Noble Financial reiterated an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a research report on Friday, January 24th.

Townsquare Media Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.