The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,683 shares of the financial services provider’s stock after buying an additional 1,040 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Charles Schwab were worth $483,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after buying an additional 17,369,091 shares during the period. Norges Bank bought a new stake in Charles Schwab during the fourth quarter worth approximately $950,192,000. Ameriprise Financial Inc. boosted its stake in Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. Boston Partners increased its position in shares of Charles Schwab by 424.7% during the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after purchasing an additional 3,602,830 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Charles Schwab by 98.0% in 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 buying an additional 2,322,156 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the completion of the transaction, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 5,481 shares of the 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 of the company’s stock, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 658,663 shares of company stock worth $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SCHW. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Bank of America raised their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 price objective on shares of Charles Schwab in a research note on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $75.56.

Charles Schwab Stock Up 0.2 %

Shares of NYSE SCHW traded up $0.15 during mid-day trading on Tuesday, reaching $73.57. The company had a trading volume of 1,182,766 shares, compared to its average volume of 7,284,809. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $130.75 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.14 and a beta of 0.99. The stock has a fifty day moving average of $74.42 and a two-hundred day moving average of $69.84.

Charles Schwab (NYSE:SCHW) last posted its quarterly 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 the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities research analysts expect that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

About Charles Schwab

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.