1,860 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Founders Financial Alliance LLC

Founders Financial Alliance LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHWFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,860 shares of the financial services provider’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab during the third quarter valued at $28,000. Sugarloaf Wealth Management LLC raised its stake in Charles Schwab by 60.0% during 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 last quarter. Frazier Financial Advisors LLC bought a new position in Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the fourth quarter worth $31,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded down $0.07 during midday trading on Friday, hitting $72.27. The company’s stock had a trading volume of 6,152,159 shares, compared to its average volume of 7,044,615. The stock has a fifty day moving average price of $73.61 and a 200 day moving average price of $67.25. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $128.44 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.06 and a beta of 0.98. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share 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%. On average, research analysts forecast that The Charles Schwab Co. will post 3.31 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid 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 yield of 1.38%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCHW. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. UBS Group lifted their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus target price of $75.12.

Read Our Latest Research Report on SCHW

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Charles R. Schwab sold 65,360 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the completion of the sale, the chairman now directly owns 60,741,536 shares in the company, valued at approximately $4,670,416,703.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The disclosure for this sale can be found here. Insiders sold a total of 622,536 shares of company stock valued at $46,208,155 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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