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

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

Several other institutional investors also recently bought and sold shares of the company. Personal CFO Solutions LLC boosted its holdings in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after buying an additional 130 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Charles Schwab by 2.1% in the first quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 132 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in shares of Charles Schwab by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 140 shares in the last quarter. O ROURKE & COMPANY Inc grew its position in shares of Charles Schwab by 1.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 142 shares in the last quarter. Finally, Lantern Wealth Advisors LLC grew its position in shares of Charles Schwab by 0.3% in the fourth quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock valued at $3,177,000 after purchasing an additional 144 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Down 0.2%

Shares of NYSE:SCHW traded down $0.14 during midday trading on Friday, reaching $91.20. The company's stock had a trading volume of 5,765,549 shares, compared to its average volume of 9,546,720. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $92.15. The firm has a market cap of $165.71 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $87.44 and a 200 day moving average price of $80.78.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter last year, the firm earned $0.74 earnings per share. Research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is presently 32.73%.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paula A. Sneed sold 8,647 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director owned 105,654 shares in the company, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock valued at $10,530,833 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SCHW shares. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. UBS Group raised their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley increased their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.40.

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.