The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 81.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,728 shares of the financial services provider’s stock after buying an additional 64,196 shares during the period. Snowden Capital Advisors LLC’s holdings in Charles Schwab were worth $7,476,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCHW. Dodge & Cox increased its stake in Charles Schwab by 1.3% in the 1st quarter. Dodge & Cox now owns 78,462,490 shares of the financial services provider’s stock valued at $4,109,865,000 after purchasing an additional 1,033,760 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Charles Schwab by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,880,424 shares of the financial services provider’s stock valued at $2,193,697,000 after purchasing an additional 2,000,383 shares in the last quarter. Geode Capital Management LLC increased its stake in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after purchasing an additional 391,238 shares in the last quarter. Morgan Stanley increased its stake in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Charles Schwab by 107.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 16,784,516 shares of the financial services provider’s stock valued at $1,399,817,000 after purchasing an additional 8,680,289 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 1.6 %

Charles Schwab stock traded up $0.98 during midday trading on Tuesday, hitting $60.80. The stock had a trading volume of 4,109,197 shares, compared to its average volume of 16,820,945. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a market cap of $107.63 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.94 and a beta of 0.92. The Charles Schwab Co. has a 12 month low of $45.00 and a 12 month high of $86.63. The business has a fifty day moving average price of $61.48 and a 200 day moving average price of $57.65.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. Charles Schwab had a return on equity of 27.54% and a net margin of 33.15%. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company earned $0.97 earnings per share. Charles Schwab’s quarterly revenue was down 8.6% on a year-over-year basis. Research analysts predict that The Charles Schwab Co. will post 3.27 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Charles Schwab’s payout ratio is currently 29.15%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $59.61, for a total transaction of $476,880.00. Following the completion of the transaction, the general counsel now directly owns 8,014 shares in the company, valued at $477,714.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 72,047 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $66.66, for a total transaction of $4,802,653.02. Following the completion of the transaction, the chairman now directly owns 59,748,538 shares in the company, valued at $3,982,837,543.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the transaction, the general counsel now directly owns 8,014 shares in the company, valued at approximately $477,714.54. The disclosure for this sale can be found here. Insiders sold a total of 155,807 shares of company stock worth $10,325,149 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SCHW shares. Piper Sandler raised their price objective on Charles Schwab from $77.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Jefferies Financial Group increased their target price on Charles Schwab from $64.00 to $66.00 in a report on Monday, July 10th. Raymond James upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Monday, May 15th. Barclays increased their target price on Charles Schwab from $62.00 to $70.00 in a report on Wednesday, July 19th. Finally, Bank of America increased their target price on Charles Schwab from $46.00 to $53.00 in a report on Thursday, June 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.09.

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. The company operates in two segments, Investor Services and Advisor Services.