Jackson Creek Investment Advisors LLC Acquires New Shares in The Charles Schwab Corporation (NYSE:SCHW)

Jackson Creek Investment Advisors LLC bought a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,833 shares of the financial services provider's stock, valued at approximately $613,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. acquired a new position in Charles Schwab in the 1st quarter valued at about $25,000. Westside Investment Management Inc. increased its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares during the period. WFA Asset Management Corp acquired a new position in Charles Schwab in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC increased its position in Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the 4th quarter worth approximately $38,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related 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 sale, the insider owned 39,154 shares of the company's stock, valued at $3,524,251.54. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the sale, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. The trade was 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 ninety days. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 3.0%

NYSE:SCHW traded up $2.77 during mid-day trading on Friday, hitting $95.87. The company had a trading volume of 23,552,773 shares, compared to its average volume of 9,345,964. The business has a fifty day simple moving average of $89.44 and a 200-day simple moving average of $82.09. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 1 year low of $61.15 and a 1 year high of $97.50. The firm has a market capitalization of $174.19 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.00 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The company's revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Equities analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Raymond James Financial restated an "outperform" rating and issued a $99.00 price target on shares of Charles Schwab in a report on Friday. Citigroup restated an "outperform" rating on shares of Charles Schwab in a report on Monday, July 14th. Barclays restated an "overweight" rating on shares of Charles Schwab in a report on Friday. Finally, Piper Sandler upped their price target on Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.60.

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.