Advisor Resource Council Invests $435,000 in The Charles Schwab Co. (NYSE:SCHW)

Advisor Resource Council bought a new position in The Charles Schwab Co. (NYSE:SCHWGet Rating) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,167 shares of the financial services provider’s stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salvus Wealth Management LLC lifted its position in Charles Schwab by 0.3% during the 4th quarter. Salvus Wealth Management LLC now owns 36,410 shares of the financial services provider’s stock valued at $3,062,000 after acquiring an additional 110 shares during the period. Crawford Investment Counsel Inc. lifted its position in Charles Schwab by 3.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 3,524 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 125 shares during the period. Institute for Wealth Management LLC. lifted its position in Charles Schwab by 3.1% during the 4th quarter. Institute for Wealth Management LLC. now owns 4,159 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 127 shares during the period. Baldwin Investment Management LLC lifted its position in Charles Schwab by 2.7% during the 3rd quarter. Baldwin Investment Management LLC now owns 5,130 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 135 shares during the period. Finally, B. Riley Wealth Management Inc. increased its stake in Charles Schwab by 0.7% during the 4th quarter. B. Riley Wealth Management Inc. now owns 18,904 shares of the financial services provider’s stock valued at $1,590,000 after purchasing an additional 137 shares in the last quarter. 87.13% of the stock is owned by institutional investors.

Shares of NYSE:SCHW opened at $63.28 on Friday. 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 Charles Schwab Co. has a 1-year low of $61.53 and a 1-year high of $96.24. The company has a market capitalization of $114.98 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.72 and a beta of 1.09. The firm’s 50 day simple moving average is $77.12 and its two-hundred day simple moving average is $82.28.

Charles Schwab (NYSE:SCHWGet Rating) last released its earnings results on Monday, April 18th. The financial services provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). Charles Schwab had a return on equity of 14.42% and a net margin of 31.24%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm posted $0.84 EPS. Charles Schwab’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 12th. Charles Schwab’s dividend payout ratio (DPR) is presently 28.99%.

In related news, Chairman Charles R. Schwab sold 156,860 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $85.93, for a total transaction of $13,478,979.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 3,114 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $87.01, for a total transaction of $270,949.14. The disclosure for this sale can be found here. In the last three months, insiders bought 104,169 shares of company stock worth $7,081,708 and sold 163,990 shares worth $14,071,289. 7.50% of the stock is currently owned by insiders.

A number of research firms have weighed in on SCHW. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Citigroup raised their price objective on shares of Charles Schwab from $87.50 to $90.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Piper Sandler reduced their price objective on shares of Charles Schwab from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Charles Schwab from $107.00 to $101.00 in a research note on Thursday, April 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Charles Schwab in a research note on Tuesday, April 26th. They issued a “neutral” rating and a $75.00 price target for the company. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $92.56.

Charles Schwab Profile (Get Rating)

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.

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

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