Aurora Private Wealth Inc. Makes New Investment in The Charles Schwab Corporation (NYSE:SCHW)

Aurora Private Wealth Inc. acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,257 shares of the financial services provider's stock, valued at approximately $1,194,000.

Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. raised its position in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab in the 1st quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the 4th quarter valued at $38,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 1.2%

Shares of SCHW traded up $1.14 during trading hours on Monday, hitting $92.62. The stock had a trading volume of 7,299,828 shares, compared to its average volume of 9,563,142. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $92.63. The firm has a market capitalization of $168.29 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The firm has a 50 day simple moving average of $87.44 and a 200-day simple moving average of $80.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Sell-side analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Securities raised their target price on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Friday, April 25th. Finally, Truist Financial raised their price objective on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.55.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the sale, the insider directly owned 39,154 shares of the company's stock, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. The sale 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 the business's stock in a transaction that occurred on 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. Over the last three months, insiders sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by insiders.

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.