18,861 Shares in The Charles Schwab Corporation (NYSE:SCHW) Bought by Arjuna Capital

Arjuna Capital acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 18,861 shares of the financial services provider's stock, valued at approximately $1,476,000.

A number of other hedge funds also recently added to or reduced their stakes in SCHW. Brighton Jones LLC increased its stake in 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 purchasing an additional 19,195 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Charles Schwab during the fourth quarter worth $441,000. PFG Advisors purchased a new position in Charles Schwab during the fourth quarter worth $220,000. LBP AM SA purchased a new position in Charles Schwab during the fourth quarter worth $3,596,000. Finally, Atala Financial Inc purchased a new position in Charles Schwab during the fourth quarter worth $41,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 20,872 shares of Charles Schwab 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 $1,878,688.72. Following the sale, the insider directly owned 58,999 shares in the company, valued at $5,310,499.99. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab 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. Insiders sold 119,905 shares of company stock worth $10,530,833 over the last ninety days. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 0.7%

Shares of SCHW traded up $0.68 during midday trading on Monday, reaching $92.65. 1,777,335 shares of the company were exchanged, compared to its average volume of 10,170,970. The stock has a 50-day moving average price of $88.53 and a 200-day moving average price of $81.49. The company has a market cap of $168.34 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $93.35. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping 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 business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Raymond James Financial lifted their price objective on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, William Blair downgraded Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.30.

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.