CWA Asset Management Group LLC Buys 473 Shares of The Charles Schwab Corporation (NYSE:SCHW)

CWA Asset Management Group LLC lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,416 shares of the financial services provider’s stock after purchasing an additional 473 shares during the period. CWA Asset Management Group LLC’s holdings in Charles Schwab were worth $2,303,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $1,455,000. 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 buying an additional 5,413 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in 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 acquiring an additional 60,683 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in 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 acquiring an additional 33,100 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its position in Charles Schwab by 248.3% during the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock worth $8,317,000 after acquiring an additional 80,112 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the transaction, the insider now directly owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank C. Herringer sold 3,592 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SCHW. The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, April 25th. Wells Fargo & Company decreased their price objective on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Finally, Cowen restated a “buy” rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $89.40.

Charles Schwab Stock Up 1.1%

SCHW opened at $89.90 on Thursday. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $90.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $84.24 and its 200-day moving average price is $80.01. The company has a market cap of $163.35 billion, a P/E ratio of 27.24, a P/E/G ratio of 0.95 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter in the prior year, the company posted $0.74 EPS. On average, equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio is currently 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.