The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Lazari Capital Management Inc.

Lazari Capital Management Inc. lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW) by 17.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 6,848 shares of the financial services provider’s stock after selling 1,466 shares during the quarter. Lazari Capital Management Inc.’s holdings in Charles Schwab were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Legacy Advisors LLC lifted its holdings in shares of Charles Schwab by 6.2% in the 1st quarter. Legacy Advisors LLC now owns 9,038 shares of the financial services provider’s stock valued at $707,000 after buying an additional 531 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Charles Schwab by 3.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 67,719 shares of the financial services provider’s stock valued at $5,301,000 after buying an additional 2,560 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Charles Schwab by 14.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 729,109 shares of the financial services provider’s stock valued at $57,075,000 after buying an additional 91,152 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Charles Schwab by 160.4% in the 1st quarter. Continuum Advisory LLC now owns 23,444 shares of the financial services provider’s stock valued at $1,835,000 after buying an additional 14,442 shares during the period. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Charles Schwab by 0.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 25,251 shares of the financial services provider’s stock valued at $1,977,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $88.30 on Tuesday. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $90.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $160.44 billion, a PE ratio of 26.76, a P/E/G ratio of 0.95 and a beta of 0.94. The stock has a 50 day moving average price of $85.04 and a 200 day moving average price of $80.15.

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

Charles Schwab Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Tuesday, April 22nd. Piper Sandler boosted their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. JMP Securities reiterated a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Morgan Stanley increased their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Finally, Cowen reiterated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two 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 currently has an average rating of “Moderate Buy” and an average price target of $89.40.

Insider Activity at Charles Schwab

In other Charles Schwab news, 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 transaction of $889,280.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is currently owned by insiders.

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.