Bernard Wealth Management Corp. Buys Shares of 3,719 The Charles Schwab Co. (NYSE:SCHW)

Bernard Wealth Management Corp. bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,719 shares of the financial services provider's stock, valued at approximately $275,000.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after buying an additional 19,195 shares during the period. RFG Advisory LLC grew its position in shares of Charles Schwab by 25.2% during the fourth quarter. RFG Advisory LLC now owns 9,837 shares of the financial services provider's stock worth $728,000 after acquiring an additional 1,978 shares during the last quarter. CX Institutional increased its holdings in shares of Charles Schwab by 2.2% in the 4th quarter. CX Institutional now owns 9,298 shares of the financial services provider's stock worth $688,000 after acquiring an additional 198 shares during the period. Lantz Financial LLC bought a new stake in Charles Schwab in the 4th quarter valued at about $216,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Charles Schwab during the 4th quarter valued at about $221,000. 84.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JMP Securities restated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and lifted their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Wells Fargo & Company decreased their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group lifted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.59 during trading hours on Friday, reaching $88.35. 11,834,258 shares of the company's stock were exchanged, compared to its average volume of 9,390,263. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $160.53 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The business's 50-day simple moving average is $80.68 and its two-hundred day simple moving average is $79.30.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the company posted $0.74 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan M. Craig sold 9,559 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,735 shares of company stock valued at $8,867,382. 6.30% of the stock is owned by corporate insiders.

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.