The Charles Schwab Corporation (NYSE:SCHW) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.5% during the first quarter, Holdings Channel reports. The institutional investor owned 11,000 shares of the financial services provider’s stock after acquiring an additional 1,795 shares during the quarter. Blue Trust Inc.’s holdings in Charles Schwab were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SCHW. Brighton Jones LLC boosted its stake in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Charles Schwab by 50.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,075 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 1,706 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Charles Schwab by 40.9% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 248 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Charles Schwab by 9.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 33,375 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 2,769 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Charles Schwab during the fourth quarter worth approximately $204,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $89.25 on Friday. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $90.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $162.16 billion, a PE ratio of 27.04, a P/E/G ratio of 0.96 and a beta of 0.94. The stock has a 50 day moving average price of $84.81 and a 200 day moving average price of $80.12.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results 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 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the firm earned $0.74 earnings per share. Equities research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

A number of brokerages have issued reports on SCHW. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Cowen reiterated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $89.40.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 8,614 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now owns 49,204 shares of the company’s stock, valued at $3,936,320. This trade represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,609 shares of company stock valued at $11,182,440. 6.30% of the stock is currently owned by insiders.

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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.