Collective Family Office LLC Purchases 923 Shares of The Charles Schwab Co. (NYSE:SCHW)

Collective Family Office LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 29.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,069 shares of the financial services provider’s stock after purchasing an additional 923 shares during the quarter. Collective Family Office LLC’s holdings in Charles Schwab were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SCHW. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the third quarter worth $28,000. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee bought a new position in shares of Charles Schwab in the fourth quarter worth about $34,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Down 0.2 %

Charles Schwab stock opened at $72.71 on Friday. The stock has a market capitalization of $129.23 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $74.24 and a 200-day moving average of $69.33.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Buying and Selling

In other Charles Schwab news, COO Joseph R. Martinetto sold 43,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the sale, the chief operating officer now directly owns 41,414 shares of the company’s stock, valued at $2,933,353.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now directly owns 19,917 shares of the company’s stock, valued at $1,411,318.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph R. Martinetto sold 43,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the sale, the chief operating officer now directly owns 41,414 shares in the company, valued at $2,933,353.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 649,663 shares of company stock worth $48,344,736. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SCHW. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Charles Schwab in a research note on Monday. Bank of America boosted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. TD Cowen dropped their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Morgan Stanley boosted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.65.

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.