Sweeney & Michel LLC Buys Shares of 4,691 The Charles Schwab Co. (NYSE:SCHW)

Sweeney & Michel LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, Holdings Channel.com reports. The fund bought 4,691 shares of the financial services provider’s stock, valued at approximately $362,000.

Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth about $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $31,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth about $31,000. Glass Jacobson Investment Advisors llc lifted its holdings in shares of 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 worth $41,000 after purchasing an additional 268 shares during the period. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.39 during trading hours on Tuesday, hitting $64.91. 8,021,914 shares of the company’s stock were exchanged, compared to its average volume of 8,019,413. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market cap of $115.36 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.24 and a beta of 0.99. The firm has a 50 day moving average of $71.55 and a two-hundred day moving average of $70.05. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. Sell-side analysts forecast that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research reports. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. TD Cowen reaffirmed a “hold” rating and set a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. JMP Securities decreased their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Barclays decreased their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. Finally, Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.27.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the sale, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the sale, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 780 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,355,175. The disclosure for this sale can be found here. Insiders sold a total of 350,178 shares of company stock valued at $26,136,963 in the last three months. 6.60% of the stock is currently owned by company insiders.

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.