Mission Wealth Management LP Purchases Shares of 7,197 The Charles Schwab Co. (NYSE:SCHW)

Mission Wealth Management LP purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) in the 1st quarter, Holdings Channel reports. The firm purchased 7,197 shares of the financial services provider’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the 4th quarter worth approximately $31,000. Tributary Capital Management LLC acquired a new stake in Charles Schwab during the 1st quarter worth approximately $31,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SCHW shares. UBS Group upped their price target on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Citigroup upped their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.56.

Charles Schwab Trading Down 1.3 %

Shares of NYSE:SCHW traded down $0.93 during midday trading on Friday, reaching $73.20. The company had a trading volume of 3,232,980 shares, compared to its average volume of 5,332,217. 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 Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The firm has a market cap of $130.10 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.99. The company has a fifty day simple moving average of $74.31 and a two-hundred day simple moving average of $69.96.

Charles Schwab (NYSE:SCHW) last released its quarterly 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. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Research analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares in the company, valued at approximately $41,366,925.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares in the company, valued at approximately $41,366,925.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock worth $48,997,146 in the last quarter. 6.60% of the stock is owned by company insiders.

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.