Voisard Asset Management Group Inc. Acquires Shares of 7,700 The Charles Schwab Co. (NYSE:SCHW)

Voisard Asset Management Group Inc. bought a new position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,700 shares of the financial services provider’s stock, valued at approximately $530,000. Charles Schwab makes up about 0.3% of Voisard Asset Management Group Inc.’s portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its holdings in 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 in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Citigroup upped their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Barclays raised their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.65.

Read Our Latest Stock Report on SCHW

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.14 during trading on Friday, reaching $73.25. 5,754,037 shares of the company’s stock traded hands, compared to its average volume of 7,388,976. The firm’s 50-day moving average is $74.14 and its 200 day moving average is $68.97. The company has a market capitalization of $130.19 billion, a P/E ratio of 30.65, a PEG ratio of 1.13 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Equities research analysts expect that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In related news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joseph R. Martinetto sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the completion of the transaction, the chief operating officer now owns 41,414 shares in the company, valued at $2,933,353.62. The disclosure for this sale can be found here. Insiders sold a total of 655,476 shares of company stock worth $48,718,705 in the last quarter. 6.60% of the stock is owned by company insiders.

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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