The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHWGet Rating) by 9.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,708 shares of the financial services provider’s stock after buying an additional 1,218 shares during the period. Checchi Capital Advisers LLC’s holdings in Charles Schwab were worth $1,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Procyon Advisors LLC purchased a new stake in Charles Schwab during the 1st quarter worth $201,000. CWM LLC increased its stake in Charles Schwab by 51.2% during the 1st quarter. CWM LLC now owns 26,856 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 9,099 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Charles Schwab by 32.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 934 shares of the financial services provider’s stock worth $79,000 after buying an additional 227 shares during the period. HHM Wealth Advisors LLC purchased a new stake in Charles Schwab during the 1st quarter worth $59,000. Finally, Boyar Asset Management Inc. increased its stake in Charles Schwab by 6.0% during the 4th quarter. Boyar Asset Management Inc. now owns 3,550 shares of the financial services provider’s stock worth $299,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Redburn Partners assumed coverage on shares of Charles Schwab in a research note on Thursday, June 23rd. They set a “neutral” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Charles Schwab in a research report on Tuesday, April 26th. They issued a “neutral” rating and a $75.00 target price for the company. Jefferies Financial Group dropped their target price on shares of Charles Schwab to $95.00 in a research report on Friday, April 22nd. Morgan Stanley dropped their target price on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating for the company in a research report on Monday, August 1st. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.75.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 149,600 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the completion of the transaction, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at approximately $4,558,809,672.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $62.70, for a total value of $7,524,000.00. Following the completion of the sale, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at approximately $4,456,923,223.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 149,600 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the completion of the sale, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at $4,558,809,672.80. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $69.31 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.58. The Charles Schwab Co. has a fifty-two week low of $59.35 and a fifty-two week high of $96.24. The firm has a 50-day simple moving average of $64.47 and a 200 day simple moving average of $74.88. The company has a market cap of $125.94 billion, a PE ratio of 22.80, a P/E/G ratio of 0.83 and a beta of 1.10.

Charles Schwab (NYSE:SCHWGet Rating) last announced its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.04 billion. Charles Schwab had a net margin of 33.09% and a return on equity of 15.86%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.91 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.27%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 11th. Charles Schwab’s payout ratio is presently 26.32%.

Charles Schwab Company Profile

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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