Eagle Ridge Investment Management Purchases 1,405 Shares of The Charles Schwab Co. (NYSE:SCHW)

Eagle Ridge Investment Management increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,029 shares of the financial services provider’s stock after purchasing an additional 1,405 shares during the quarter. Charles Schwab makes up approximately 2.4% of Eagle Ridge Investment Management’s holdings, making the stock its 14th largest holding. Eagle Ridge Investment Management’s holdings in Charles Schwab were worth $25,827,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in shares of Charles Schwab during the third quarter valued at about $17,261,000. Rehmann Capital Advisory Group boosted its position in Charles Schwab by 21.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,800 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 1,537 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Charles Schwab by 153.0% during the 3rd quarter. Quadrature Capital Ltd now owns 169,336 shares of the financial services provider’s stock worth $9,300,000 after acquiring an additional 102,410 shares during the period. Glenmede Trust Co. NA raised its position in shares of Charles Schwab by 13.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 762,087 shares of the financial services provider’s stock worth $41,839,000 after acquiring an additional 88,852 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Charles Schwab by 157.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 21,793 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 13,329 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the transaction, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total value of $724,000.00. Following the transaction, the insider now directly owns 71,446 shares in the company, valued at $5,172,690.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock valued at $48,997,146 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. TD Cowen reduced their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three investment 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’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Stock Performance

NYSE:SCHW traded up $0.73 during trading hours on Tuesday, reaching $74.15. The company had a trading volume of 4,924,580 shares, compared to its average volume of 7,314,505. The firm has a market cap of $131.79 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.14 and a beta of 0.99. 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’s 50 day moving average price is $74.40 and its 200-day moving average price is $69.86. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) 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 business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. On average, analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend 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.