Impact Capital Partners LLC Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

Impact Capital Partners LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,053 shares of the financial services provider’s stock after selling 223 shares during the period. Impact Capital Partners LLC’s holdings in Charles Schwab were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $38,000. Atala Financial Inc purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $41,000. Investors Research Corp raised its position in Charles Schwab by 75.2% during the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 240 shares during the period. Knuff & Co LLC raised its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab in the fourth quarter worth approximately $46,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was 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 this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 1.2%

Shares of NYSE:SCHW opened at $88.25 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The business’s fifty day simple moving average is $81.74 and its 200-day simple moving average is $79.64. The company has a market capitalization of $160.35 billion, a PE ratio of 29.52, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Truist Financial increased their price target on Charles Schwab from $84.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, TD Securities increased their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.63.

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.