Bleakley Financial Group LLC Has $2.07 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Bleakley Financial Group LLC lifted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 26,426 shares of the financial services provider’s stock after acquiring an additional 1,082 shares during the quarter. Bleakley Financial Group LLC’s holdings in Charles Schwab were worth $2,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cary Street Partners Financial LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $1,455,000. Graham Capital Management L.P. raised its holdings in shares of Charles Schwab by 248.3% during the fourth 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 in the last quarter. World Investment Advisors raised its holdings in shares of Charles Schwab by 7.6% during the first quarter. World Investment Advisors now owns 163,007 shares of the financial services provider’s stock worth $12,760,000 after acquiring an additional 11,505 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Charles Schwab by 14.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 146,392 shares of the financial services provider’s stock worth $11,460,000 after acquiring an additional 18,280 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Charles Schwab by 17.2% during the first quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider’s stock worth $15,631,000 after acquiring an additional 29,255 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the transaction, the insider directly owned 58,999 shares in the company, valued at approximately $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction dated 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 a total of 119,905 shares of company stock valued at $10,530,833 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Trading Down 1.2%

Charles Schwab stock opened at $91.63 on Wednesday. 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 business’s 50-day simple moving average is $88.89 and its 200-day simple moving average is $81.69. The firm has a market capitalization of $166.49 billion, a PE ratio of 27.77, a PEG ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $93.35.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the company posted $0.74 earnings per share. Equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid 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 1.18%. Charles Schwab’s payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCHW shares. Citigroup reiterated an “outperform” rating on shares of Charles Schwab in a report on Monday. Barclays increased their price objective on Charles Schwab from $89.00 to $106.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. JMP Securities increased their price objective on Charles Schwab from $94.00 to $106.00 and gave the stock a “market outperform” rating in a report on Monday. Truist Financial increased their price objective on Charles Schwab from $97.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.60.

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.