The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,130 shares of the financial services provider’s stock after purchasing an additional 1,430 shares during the quarter. Wedmont Private Capital’s holdings in Charles Schwab were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its stake in Charles Schwab by 8.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,676 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 200 shares during the last quarter. Czech National Bank grew its holdings in Charles Schwab by 0.4% in the 1st quarter. Czech National Bank now owns 261,852 shares of the financial services provider’s stock valued at $18,942,000 after buying an additional 1,157 shares in the last quarter. Fulton Bank N.A. grew its holdings in Charles Schwab by 10.4% in the 1st quarter. Fulton Bank N.A. now owns 8,933 shares of the financial services provider’s stock valued at $646,000 after buying an additional 845 shares in the last quarter. Clearview Wealth Advisors LLC purchased a new stake in Charles Schwab in the 1st quarter valued at $344,000. Finally, Collective Family Office LLC grew its holdings in Charles Schwab by 29.3% in the 1st quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock valued at $294,000 after buying an additional 923 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on SCHW shares. Piper Sandler upped their target price on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. TD Cowen dropped their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Citigroup upped their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Barclays increased their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” 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 given a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $74.65.

Charles Schwab Price Performance

SCHW stock opened at $73.36 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $130.38 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.12 and a beta of 0.96. The business’s 50-day moving average is $74.30 and its two-hundred day moving average is $69.41. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49.

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

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. 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%.

Insider Transactions at Charles Schwab

In other news, Director Mark A. Goldfarb sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark A. Goldfarb sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 649,663 shares of company stock valued at $48,344,736. Corporate insiders own 6.60% of the company’s stock.

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.