Brookstone Capital Management Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Brookstone Capital Management grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 27.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,928 shares of the financial services provider’s stock after buying an additional 2,372 shares during the quarter. Brookstone Capital Management’s holdings in Charles Schwab were worth $791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC lifted its position in shares of Charles Schwab by 60.0% during 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 last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the 4th quarter valued at about $31,000. Hall Laurie J Trustee purchased a new stake in Charles Schwab in the 4th quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in Charles Schwab by 81.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 268 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Morgan Stanley raised their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Barclays lifted their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Piper Sandler increased their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.56.

Charles Schwab Trading Up 0.2 %

Shares of NYSE:SCHW opened at $73.69 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 $130.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The business’s 50-day moving average is $74.42 and its 200 day moving average is $69.81. 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 announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock valued at $48,997,146 over the last ninety days. 6.60% of the stock is currently owned by insiders.

Charles Schwab Company 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.