Pine Haven Investment Counsel Inc Has $3.26 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Pine Haven Investment Counsel Inc lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,683 shares of the financial services provider’s stock after selling 626 shares during the quarter. Charles Schwab accounts for about 2.7% of Pine Haven Investment Counsel Inc’s investment portfolio, making the stock its 7th largest position. Pine Haven Investment Counsel Inc’s holdings in Charles Schwab were worth $3,263,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the fourth quarter valued at about $38,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter valued at about $41,000. Investors Research Corp raised its holdings in Charles Schwab by 75.2% in the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 240 shares in the last quarter. Knuff & Co LLC lifted its position in shares of Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 563 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, April 25th. Wells Fargo & Company dropped their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley raised their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Piper Sandler upped their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Finally, JMP Securities restated a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.63.

Insiders Place Their Bets

In related news, insider Jonathan M. Craig sold 47,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,850 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider now directly owns 15,219 shares in the company, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock valued at $8,392,040 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Up 1.2%

Shares of SCHW opened at $88.25 on Friday. The company has a market capitalization of $160.35 billion, a P/E ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The business’s 50 day simple moving average is $81.74 and its 200-day simple moving average is $79.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.