The Charles Schwab Corporation (NYSE:SCHW) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 728.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,061 shares of the financial services provider's stock after acquiring an additional 47,534 shares during the period. Brookstone Capital Management's holdings in Charles Schwab were worth $4,232,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab in the first quarter valued at $25,000. Westside Investment Management Inc. raised its stake in shares of Charles Schwab by 75.0% in the first 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 in the last quarter. WFA Asset Management Corp acquired a new stake in Charles Schwab in the 1st quarter valued at about $33,000. Beacon Capital Management LLC raised its position in Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Performance

SCHW stock traded down $0.14 during trading on Friday, hitting $91.20. The company had a trading volume of 5,765,549 shares, compared to its average volume of 9,572,077. The firm has a market cap of $165.71 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $92.15. The firm has a 50-day moving average price of $87.44 and a 200-day moving average price of $80.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling

In other news, insider Nigel J. Murtagh sold 20,872 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 10,129 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the transaction, the insider owned 39,154 shares in the company, valued at approximately $3,524,251.54. This trade represents a 20.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock worth $10,530,833 in the last ninety days. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Barclays cut their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Piper Sandler raised their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. TD Securities raised their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Truist Financial raised their target price on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

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.