Talbot Financial LLC Grows Position in The Charles Schwab Co. (NYSE:SCHW)

Talbot Financial LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.0% in the first quarter, HoldingsChannel.com reports. The firm owned 152,889 shares of the financial services provider’s stock after acquiring an additional 7,305 shares during the quarter. Charles Schwab accounts for about 1.5% of Talbot Financial LLC’s investment portfolio, making the stock its 27th largest holding. Talbot Financial LLC’s holdings in Charles Schwab were worth $11,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Miracle Mile Advisors LLC lifted its stake in Charles Schwab by 1.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 30,343 shares of the financial services provider’s stock worth $2,195,000 after acquiring an additional 401 shares in the last quarter. Oliver Luxxe Assets LLC lifted its stake in Charles Schwab by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 36,132 shares of the financial services provider’s stock worth $2,614,000 after acquiring an additional 652 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in Charles Schwab by 6.7% during the 1st quarter. Aviance Capital Partners LLC now owns 86,821 shares of the financial services provider’s stock worth $6,281,000 after acquiring an additional 5,436 shares in the last quarter. Roberts Wealth Advisors LLC lifted its stake in Charles Schwab by 5.2% during the 1st quarter. Roberts Wealth Advisors LLC now owns 21,521 shares of the financial services provider’s stock worth $1,533,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Citizens Business Bank lifted its stake in Charles Schwab by 8.8% during the 1st quarter. Citizens Business Bank now owns 38,876 shares of the financial services provider’s stock worth $2,812,000 after acquiring an additional 3,130 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.4 %

Shares of NYSE SCHW traded down $0.27 on Monday, hitting $73.42. The company had a trading volume of 3,902,641 shares, compared to its average volume of 7,333,624. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The business has a 50 day moving average of $74.42 and a two-hundred day moving average of $69.84. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $130.49 billion, a P/E ratio of 30.68, a PEG ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. As a group, equities research analysts forecast that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.25 dividend. 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 dividend payout ratio (DPR) is 41.84%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCHW. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Citigroup increased their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Piper Sandler increased their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus price target of $75.56.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the transaction, the director now owns 570,657 shares in the company, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now owns 19,917 shares in the company, valued at $1,411,318.62. The sale was disclosed in a legal filing 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 that occurred on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now owns 570,657 shares in the company, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 658,663 shares of company stock worth $48,997,146. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab 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.