SOA Wealth Advisors LLC. raised its holdings in shares of The Charles Schwab Co. (NYSE: SCHW – Get Rating) by 22.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,046 shares of the financial services provider’s stock after purchasing an additional 192 shares during the period. SOA Wealth Advisors LLC.’s holdings in Charles Schwab were worth $ 88,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Charles Schwab during the 4th quarter valued at $ 139,544,000. Boyar Asset Management Inc. lifted its holdings in shares of Charles Schwab by 6.0% during the 4th quarter. Boyar Asset Management Inc. now owns 3,550 shares of the financial services provider’s stock valued at $ 299,000 after buying an additional 200 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Charles Schwab by 35.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,242 shares of the financial services provider’s stock valued at $ 1,618,000 after buying an additional 5,000 shares during the period. RFG Advisory LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at $ 346,000. Finally, Liontrust Investment Partners LLP lifted its holdings in shares of Charles Schwab by 9.3% during the 4th quarter. Liontrust Investment Partners LLP now owns 2,069,142 shares of the financial services provider’s stock valued at $ 174,015,000 after buying an additional 175,500 shares during the period. Institutional investors and hedge funds own 87.13% of the company stock.
SCHW opened at $ 59.99 on Monday. The firm has a market cap of $ 109.01 billion, a P / E ratio of 21.74, a P / E / G ratio of 0.69 and a beta of 1.09. The Charles Schwab Co. has a 12 month low of $ 59.35 and a 12 month high of $ 96.24. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $ 68.65 and a 200 day moving average of $ 80.16.
Charles Schwab (NYSE: SCHW – Get Rating) last released its quarterly earnings results on Monday, April 18th. The financial services provider reported $ 0.77 EPS for the quarter, missing the consensus estimate of $ 0.85 by ($ 0.08). The company had revenue of $ 4.67 billion during the quarter, compared to analysts’ expectations of $ 4.82 billion. Charles Schwab had a return on equity of 13.67% and a net margin of 31.24%. The company revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $ 0.84 EPS. On average, research analysts forecast that The Charles Schwab Co. will post 3.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 13th were paid a $ 0.20 dividend. This represents a $ 0.80 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 12th. Charles Schwab’s payout ratio is currently 28.99%.
In other Charles Schwab news, EVP Jonathan M. Craig sold 4,016 shares of the firm’s stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $ 80.02, for a total value of $ 321,360.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter W. Bettinger purchased 36,640 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were bought at an average cost of $ 69.49 per share, with a total value of $ 2,546,113.60. Following the purchase, the chief executive officer now directly owns 329,265 shares of the company stock, valued at approximately $ 22,880,624.85. The disclosure for this purchase can be found here. In the last three months, insiders acquired 104,169 shares of company stock valued at $ 7,081,708. 6.90% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the company. Piper Sandler lowered their price target on Charles Schwab from $ 110.00 to $ 100.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. The Goldman Sachs Group started coverage on Charles Schwab in a report on Tuesday, April 26th. They issued a “neutral” rating and a $ 75.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Charles Schwab from $ 98.00 to $ 84.00 in a report on Thursday, May 19th. Compass Point raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $ 98.00 target price on the stock in a report on Tuesday, April 12th. Finally, Morgan Stanley decreased their target price on Charles Schwab from $ 132.00 to $ 123.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Buy” and an average price target of $ 93.00.
About Charles Schwab: (Get Rating)
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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