CFO4Life Group LLC Invests $321,000 in The Charles Schwab Co. (NYSE:SCHW)

CFO4Life Group LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,432 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. raised its holdings in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after buying an additional 607 shares in the last quarter. Morningstar Investment Services LLC grew its position in Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after acquiring an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. grew its position in Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after acquiring an additional 857,734 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after acquiring an additional 152,967 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction 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 directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction 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 directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. 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 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.7 %

Shares of Charles Schwab stock traded down $0.54 on Friday, hitting $75.54. The company had a trading volume of 3,751,167 shares, compared to its average volume of 7,156,022. The stock has a market capitalization of $134.26 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 1.17 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The stock has a 50 day moving average of $74.31 and a 200-day moving average of $70.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company 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 forecast that The Charles Schwab Co. will post 3.21 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Barclays upped their price target on Charles Schwab from $72.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday. Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and upped their target price for the company from $76.00 to $84.00 in a research report on Monday. JPMorgan Chase & Co. cut their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.75.

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.