Future Financial Wealth Managment LLC Makes New $72,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Future Financial Wealth Managment LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,000 shares of the financial services provider’s stock, valued at approximately $72,000.

Several other large investors also recently modified their holdings of SCHW. Sugarloaf Wealth Management LLC grew 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 purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab during the 4th quarter worth $31,000. Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc raised its holdings 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 worth $41,000 after purchasing an additional 268 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Down 0.9 %

Shares of NYSE SCHW opened at $73.20 on Thursday. The business has a 50 day simple moving average of $74.39 and a 200 day simple moving average of $69.66. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The stock has a market cap of $130.10 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

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

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $652,410.00. Following the completion of the sale, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock worth $48,997,146 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SCHW. Piper Sandler lifted their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 price objective on shares of Charles Schwab in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.