Collective Family Office LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Collective Family Office LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 29.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,069 shares of the financial services provider’s stock after buying an additional 923 shares during the period. Collective Family Office LLC’s holdings in Charles Schwab were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SCHW. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its stake 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 purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the 4th quarter worth $31,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab during the 4th quarter worth $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $9,124,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Bernard J. Clark sold 8,164 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the transaction, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The disclosure for this sale can be found here. Over the last three months, insiders have sold 649,663 shares of company stock valued at $48,344,736. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $72.71 on Friday. The company has a market cap 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 12 month low of $48.66 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50-day simple moving average of $74.24 and a 200-day simple moving average of $69.33.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (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 for the quarter, compared to analysts’ expectations of $4.71 billion. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SCHW shares. UBS Group increased their price target on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Morgan Stanley raised their target price 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. TD Cowen reduced their target price 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. Piper Sandler raised their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.65.

About Charles Schwab

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.