The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Ironwood Financial llc

Ironwood Financial llc lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,186 shares of the financial services provider’s stock after acquiring an additional 160 shares during the period. Ironwood Financial llc’s holdings in Charles Schwab were worth $737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC increased its position 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 worth $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the fourth quarter worth $31,000. Hall Laurie J Trustee acquired a new stake in Charles Schwab in the fourth quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc increased its position in Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after buying an additional 268 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen decreased their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a research note on Monday, June 17th. Piper Sandler increased their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average target price of $75.56.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Goldfarb sold 7,100 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were 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 owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock worth $48,997,146 in the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.2 %

Shares of NYSE SCHW traded up $0.13 during mid-day trading on Friday, reaching $73.69. 8,997,560 shares of the company traded hands, compared to its average volume of 5,743,318. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $130.97 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The company’s fifty day moving average is $74.42 and its two-hundred day moving average is $69.84. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for 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%. On average, analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is presently 41.84%.

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.