Koshinski Asset Management Inc. Has $747,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Koshinski Asset Management Inc. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,326 shares of the financial services provider’s stock after selling 1,880 shares during the period. Koshinski Asset Management Inc.’s holdings in Charles Schwab were worth $747,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab in the fourth quarter worth $31,000. Tributary Capital Management LLC bought a new stake in shares of Charles Schwab in the first quarter worth $31,000. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the fourth quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 268 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and upped their price target for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Morgan Stanley cut their price target on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Piper Sandler upped their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group increased their price objective on shares of Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.44.

Charles Schwab Stock Performance

SCHW traded down $0.42 on Friday, hitting $61.85. The company’s stock had a trading volume of 1,923,230 shares, compared to its average volume of 7,719,567. The company’s 50 day simple moving average is $73.58 and its 200-day simple moving average is $70.13. The firm has a market cap of $109.92 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. Charles Schwab’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 555,745 shares of company stock valued at $41,625,143 in the last three months. Company insiders own 6.60% of the company’s stock.

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.