The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,343 shares of the financial services provider’s stock after purchasing an additional 3,744 shares during the quarter. RMR Wealth Builders’ holdings in Charles Schwab were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter worth $28,000. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab in the fourth quarter valued at about $31,000. BluePath Capital Management LLC acquired a new position in shares of Charles Schwab during the third quarter worth about $34,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $34,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCHW. Citigroup boosted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barclays upped their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Down 1.5 %

SCHW stock opened at $75.28 on Thursday. The firm has a market cap of $133.70 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a 1-year low of $46.55 and a 1-year high of $77.05. The firm has a fifty day moving average price of $71.20 and a two-hundred day moving average price of $65.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share 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 19.86%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Research analysts predict that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the transaction, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,587 shares of company stock valued at $47,399,731. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.