180 Wealth Advisors LLC Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

180 Wealth Advisors LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 10.7% 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 35,693 shares of the financial services provider’s stock after buying an additional 3,453 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Charles Schwab were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC boosted its stake in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab in the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab in the fourth quarter valued at approximately $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab in the fourth quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.4 %

SCHW traded up $0.33 during trading on Friday, reaching $73.89. The stock had a trading volume of 1,148,560 shares, compared to its average volume of 7,297,995. The stock’s 50 day moving average is $74.40 and its two-hundred day moving average is $69.68. 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 company has a market capitalization of $131.32 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 1.13 and a beta of 0.96. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the 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 sale, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Bernard J. Clark sold 8,164 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $9,124,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 658,663 shares of company stock valued at $48,997,146. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHW. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler boosted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Barclays boosted their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. UBS Group upped their target price on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.56.

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.