Catalyst Capital Advisors LLC Has $124,000 Stake in The Charles Schwab Corporation (NYSE:SCHW)

Catalyst Capital Advisors LLC decreased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the financial services provider’s stock after selling 234 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Charles Schwab were worth $124,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab in the 1st quarter valued at $25,000. Westside Investment Management Inc. boosted its position in Charles Schwab by 75.0% in the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new position in Charles Schwab in the first quarter valued at about $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the fourth quarter valued at about $38,000. Finally, Beacon Capital Management LLC boosted its position in Charles Schwab by 53.1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider’s stock valued at $38,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.2%

Shares of NYSE SCHW opened at $91.20 on Friday. The company’s 50 day simple moving average is $87.44 and its 200 day simple moving average is $80.83. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $92.15. The firm has a market capitalization of $165.71 billion, a P/E ratio of 27.64, a P/E/G ratio of 0.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the prior year, the business posted $0.74 EPS. On average, analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab’s payout ratio is 32.73%.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Piper Sandler boosted their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Redburn Atlantic raised Charles Schwab from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. Morgan Stanley boosted their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.40.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the sale, the insider owned 39,154 shares in the company, valued at $3,524,251.54. This represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,905 shares of company stock valued at $10,530,833. Corporate insiders own 6.30% of the company’s stock.

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.