Seneca House Advisors Buys 473 Shares of The Charles Schwab Co. (NYSE:SCHW)

Seneca House Advisors lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,889 shares of the financial services provider’s stock after buying an additional 473 shares during the quarter. Charles Schwab comprises 2.7% of Seneca House Advisors’ portfolio, making the stock its 18th biggest holding. Seneca House Advisors’ holdings in Charles Schwab were worth $6,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Ironwood Financial llc raised its stake in Charles Schwab by 1.6% during the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares during the period. Dumont & Blake Investment Advisors LLC raised its stake in Charles Schwab by 2.3% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 11,324 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 255 shares during the period. New Mexico Educational Retirement Board raised its stake in Charles Schwab by 13.1% during the 1st quarter. New Mexico Educational Retirement Board now owns 87,387 shares of the financial services provider’s stock valued at $6,322,000 after purchasing an additional 10,100 shares during the period. Guidance Capital Inc. bought a new stake in Charles Schwab during the 1st quarter valued at approximately $928,000. Finally, Investment Research & Advisory Group Inc. raised its stake in Charles Schwab by 5.5% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 62,250 shares of the financial services provider’s stock valued at $4,503,000 after purchasing an additional 3,271 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, Director Mark A. Goldfarb sold 7,100 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mark A. Goldfarb sold 7,100 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the transaction, the insider now directly owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The disclosure for this sale can be found here. Insiders sold a total of 658,663 shares of company stock valued at $48,997,146 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.2 %

SCHW traded up $0.13 during trading hours on Friday, reaching $73.69. 8,997,560 shares of the company’s stock traded hands, compared to its average volume of 5,743,318. The firm has a 50-day moving average price of $74.42 and a 200 day moving average price of $69.84. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $130.97 billion, a PE ratio of 30.83, a PEG ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.25 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft cut their price target on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $76.00 price target on shares of Charles Schwab in a report on Monday, June 17th. Bank of America raised their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Finally, Barclays raised their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $75.56.

About Charles Schwab

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.