LexAurum Advisors LLC Sells 1,087 Shares of The Charles Schwab Co. (NYSE:SCHW)

LexAurum Advisors LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,789 shares of the financial services provider’s stock after selling 1,087 shares during the period. LexAurum Advisors LLC’s holdings in Charles Schwab were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Gladstone Institutional Advisory LLC grew its stake in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after buying an additional 124 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after buying an additional 127 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares during the last quarter. Finally, O ROURKE & COMPANY Inc boosted its stake in Charles Schwab by 1.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 142 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

NYSE:SCHW opened at $88.25 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $81.74 and its two-hundred day simple moving average is $79.63. The stock has a market cap of $160.35 billion, a PE ratio of 29.52, a P/E/G ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the firm earned $0.74 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock valued at $8,392,040 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Piper Sandler increased their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial increased their target price on Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wells Fargo & Company cut their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays cut their target price on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

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.