J.W. Cole Advisors Inc. raised its position in The Charles Schwab Co. (NYSE:SCHW – Get Rating) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,925 shares of the financial services provider’s stock after acquiring an additional 170 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Charles Schwab were worth $247,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $201,000. CWM LLC lifted its stake in shares of Charles Schwab by 51.2% during the 1st quarter. CWM LLC now owns 26,856 shares of the financial services provider’s stock worth $2,264,000 after buying an additional 9,099 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Charles Schwab by 32.1% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 934 shares of the financial services provider’s stock worth $79,000 after buying an additional 227 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $59,000. Finally, Nvwm LLC acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $94,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Wall Street Analysts Forecast Growth
SCHW has been the subject of a number of research reports. UBS Group raised their target price on shares of Charles Schwab from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, September 16th. Redburn Partners began coverage on shares of Charles Schwab in a research report on Thursday, June 23rd. They set a “neutral” rating on the stock. Morgan Stanley lowered their price target on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a research report on Monday, August 1st. Barclays began coverage on shares of Charles Schwab in a research report on Wednesday, August 31st. They set an “equal weight” rating and a $81.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $90.00 to $95.00 in a research report on Friday, August 19th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.46.
Insider Activity at Charles Schwab
Charles Schwab Price Performance
SCHW stock opened at $72.91 on Thursday. The firm has a market cap of $132.54 billion, a P/E ratio of 23.98, a P/E/G ratio of 0.92 and a beta of 1.07. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $70.09 and its two-hundred day moving average price is $71.45. The Charles Schwab Co. has a 12 month low of $59.35 and a 12 month high of $96.24.
Charles Schwab (NYSE:SCHW – Get Rating) last announced its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.06. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a net margin of 33.09% and a return on equity of 16.82%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. On average, analysts anticipate that The Charles Schwab Co. will post 3.91 earnings per share for the current fiscal year.
Charles Schwab Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 11th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s payout ratio is 28.95%.
Charles Schwab Company Profile
The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.
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