The Charles Schwab Co. (NYSE:SCHW) Stake Decreased by MCF Advisors LLC

MCF Advisors LLC lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,188 shares of the financial services provider’s stock after selling 798 shares during the period. MCF Advisors LLC’s holdings in Charles Schwab were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC increased its stake in shares of 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 purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC bought a new position in Charles Schwab during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the 4th quarter worth approximately $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab during the 4th quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after buying an additional 268 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SCHW shares. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a report on Tuesday, May 28th. TD Cowen dropped their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Citigroup increased their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Piper Sandler upped their price objective on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Bank of America upped their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Three research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.56.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 658,663 shares of company stock valued at $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.2 %

NYSE SCHW traded up $0.13 during trading on Friday, hitting $73.69. The company had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. 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’s fifty day moving average is $74.42 and its 200-day moving average is $69.78. The company has a market cap of $130.97 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 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 net margin of 26.14% and a return on equity of 19.25%. On average, sell-side analysts predict 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Charles Schwab 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.