4,610 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Rockland Trust Co.

Rockland Trust Co. bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the first quarter, Holdings Channel reports. The firm bought 4,610 shares of the financial services provider’s stock, valued at approximately $361,000.

Several other institutional investors also recently bought and sold shares of SCHW. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $1,455,000. Asset Management One Co. Ltd. increased its holdings in Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after purchasing an additional 43,308 shares during the period. Banco Santander S.A. raised its position in Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock valued at $1,208,000 after purchasing an additional 5,413 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Charles Schwab by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider’s stock valued at $772,579,000 after buying an additional 60,683 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of Charles Schwab by 217.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider’s stock valued at $3,578,000 after buying an additional 33,100 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,850 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider now owns 15,219 shares in the company, valued at approximately $1,332,727.83. This trade represents a 15.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the transaction, the insider now owns 49,204 shares in the company, valued at approximately $3,936,320. This trade represents a 14.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,608 shares of company stock valued at $8,392,040. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCHW. Wells Fargo & Company reduced their target price on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Piper Sandler raised their price objective on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Morgan Stanley increased their target price on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Finally, UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Two equities research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.25.

Charles Schwab Trading Down 1.4%

SCHW opened at $87.26 on Friday. 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 Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The business’s 50 day moving average is $83.30 and its two-hundred day moving average is $79.87. The firm has a market cap of $158.55 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the firm posted $0.74 earnings per share. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Charles Schwab’s dividend payout ratio is presently 32.73%.

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.