Advisory Alpha LLC Acquires 1,308 Shares of The Charles Schwab Co. (NYSE:SCHW)

Advisory Alpha LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 34.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,120 shares of the financial services provider’s stock after acquiring an additional 1,308 shares during the period. Advisory Alpha LLC’s holdings in Charles Schwab were worth $370,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tributary Capital Management LLC bought a new position in shares of Charles Schwab during the 1st quarter worth about $31,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab during the 4th quarter worth about $31,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab during the 4th quarter valued at about $34,000. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the sale, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock valued at $48,997,146 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SCHW. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Piper Sandler lifted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. UBS Group decreased their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday. Finally, JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.75.

Charles Schwab Stock Up 0.4 %

SCHW traded up $0.34 during trading on Friday, reaching $76.42. The company had a trading volume of 549,173 shares, compared to its average volume of 7,131,947. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The business’s fifty day moving average price is $74.31 and its 200 day moving average price is $70.14. The company has a market cap of $135.82 billion, a P/E ratio of 31.83, a PEG ratio of 1.17 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping 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 net margin of 26.14% and a return on equity of 19.25%. Equities analysts anticipate that The Charles Schwab Co. will post 3.21 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

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.