Brown Lisle Cummings Inc. Has $1.53 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Brown Lisle Cummings Inc. boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 17.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,543 shares of the financial services provider's stock after acquiring an additional 2,968 shares during the period. Brown Lisle Cummings Inc.'s holdings in Charles Schwab were worth $1,530,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC grew its holdings in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after buying an additional 130 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Charles Schwab by 2.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock valued at $513,000 after buying an additional 132 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of Charles Schwab by 1.8% in the 1st quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after buying an additional 140 shares during the period. O ROURKE & COMPANY Inc grew its holdings in shares of Charles Schwab by 1.1% in the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after buying an additional 142 shares during the period. Finally, Lantern Wealth Advisors LLC grew its holdings in shares of Charles Schwab by 0.3% in the 4th quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock valued at $3,177,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the transaction, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Piper Sandler boosted their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley boosted their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Trading Down 0.7%

Shares of NYSE:SCHW opened at $89.25 on Monday. The company's 50-day moving average price is $84.81 and its two-hundred day moving average price is $80.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $90.60. The stock has a market capitalization of $162.16 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued 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 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 period in the prior year, the firm earned $0.74 EPS. On average, equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. Charles Schwab's payout ratio is 32.73%.

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.

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