Integrated Advisors Network LLC Has $4.41 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Integrated Advisors Network LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 281.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,357 shares of the financial services provider’s stock after buying an additional 41,565 shares during the period. Integrated Advisors Network LLC’s holdings in Charles Schwab were worth $4,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Gladstone Institutional Advisory LLC raised its position in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 124 shares during the last quarter. Klingman & Associates LLC increased its holdings in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after buying an additional 127 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares in the last quarter. Finally, O ROURKE & COMPANY Inc increased its holdings in Charles Schwab by 1.1% in the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider’s stock worth $959,000 after buying an additional 142 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the sale, the insider now owns 39,154 shares of the company’s stock, valued at $3,433,022.72. The trade was a 7.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

SCHW stock opened at $88.27 on Wednesday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The stock’s fifty day simple moving average is $82.20 and its 200-day simple moving average is $79.73. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $160.39 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $0.74 earnings per share. Equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, April 22nd. Morgan Stanley lifted their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $65.00 to $82.00 in a report on Monday. TD Securities lifted their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Barclays cut their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $89.25.

About Charles Schwab

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.