The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHWGet Rating) by 104.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321 shares of the financial services provider’s stock after acquiring an additional 164 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Charles Schwab were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Albion Financial Group UT boosted its position in shares of Charles Schwab by 1.6% during the 4th quarter. Albion Financial Group UT now owns 7,932 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 122 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Charles Schwab by 18.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 810 shares of the financial services provider’s stock valued at $68,000 after buying an additional 124 shares during the period. Bell Investment Advisors Inc raised its holdings in Charles Schwab by 15.0% in the 4th quarter. Bell Investment Advisors Inc now owns 965 shares of the financial services provider’s stock valued at $81,000 after buying an additional 126 shares during the period. Lake Street Advisors Group LLC raised its holdings in Charles Schwab by 1.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 13,031 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 133 shares during the period. Finally, Relyea Zuckerberg Hanson LLC raised its holdings in Charles Schwab by 3.0% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,576 shares of the financial services provider’s stock valued at $384,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.

Charles Schwab Stock Up 0.0 %

Charles Schwab stock opened at $69.00 on Friday. The stock has a market cap of $125.38 billion, a PE ratio of 22.70, a P/E/G ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s fifty day moving average is $64.49 and its two-hundred day moving average is $75.04. The Charles Schwab Co. has a 1-year low of $59.35 and a 1-year high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last issued its earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.04 billion. Charles Schwab had a return on equity of 15.86% and a net margin of 33.09%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.91 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, August 11th. Charles Schwab’s dividend payout ratio (DPR) is 26.32%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 149,600 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $65.36, for a total value of $9,777,856.00. Following the completion of the transaction, the chairman now owns 69,749,230 shares in the company, valued at $4,558,809,672.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 149,600 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $65.36, for a total value of $9,777,856.00. Following the completion of the sale, the chairman now owns 69,749,230 shares in the company, valued at $4,558,809,672.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the transaction, the chairman now owns 71,083,305 shares in the company, valued at $4,456,923,223.50. The disclosure for this sale can be found here. 7.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SCHW. Citigroup boosted their price objective on shares of Charles Schwab from $87.50 to $90.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Jefferies Financial Group reduced their price objective on shares of Charles Schwab to $95.00 in a report on Friday, April 22nd. UBS Group boosted their price target on shares of Charles Schwab from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Piper Sandler cut their price target on shares of Charles Schwab from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Finally, Morgan Stanley cut their price target on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.75.

About Charles Schwab

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWGet Rating).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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