Amalgamated Bank Has $26.13 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

Amalgamated Bank grew its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 333,787 shares of the financial services provider's stock after acquiring an additional 45,423 shares during the period. Amalgamated Bank's holdings in Charles Schwab were worth $26,129,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares during the period. QRG Capital Management Inc. grew its stake in shares of Charles Schwab by 7.9% in the 4th quarter. QRG Capital Management Inc. now owns 26,699 shares of the financial services provider's stock valued at $1,976,000 after buying an additional 1,954 shares during the period. Private Trust Co. NA grew its stake in shares of Charles Schwab by 6.1% in the 4th quarter. Private Trust Co. NA now owns 5,368 shares of the financial services provider's stock valued at $397,000 after buying an additional 309 shares during the period. SVB Wealth LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $6,420,000. Finally, Sherman Asset Management Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter valued at about $112,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCHW. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Friday, April 25th. UBS Group lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price target for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Finally, Truist Financial lifted their price target on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $89.40.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction 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 now owns 39,154 shares in the company, valued at $3,524,251.54. This represents a 20.55% 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, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction 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. In the last quarter, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is owned by company insiders.

Charles Schwab Price Performance

Charles Schwab stock opened at $90.02 on Monday. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $90.86. The company's 50 day moving average price is $86.10 and its two-hundred day moving average price is $80.36. 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 stock has a market cap of $163.56 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.96 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current 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 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 dividend yield of 1.20%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.

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