Calamos Advisors LLC Buys 3,873 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Calamos Advisors LLC increased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,744 shares of the financial services provider's stock after acquiring an additional 3,873 shares during the period. Calamos Advisors LLC's holdings in Charles Schwab were worth $27,221,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $1,455,000. Banco Santander S.A. lifted its stake in Charles Schwab by 49.6% in the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after purchasing an additional 5,413 shares during the last quarter. Graham Capital Management L.P. lifted its stake in Charles Schwab by 248.3% in the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after purchasing an additional 80,112 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Charles Schwab by 17.2% in the first quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider's stock valued at $15,631,000 after purchasing an additional 29,255 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Charles Schwab by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 618,033 shares of the financial services provider's stock valued at $45,741,000 after purchasing an additional 76,954 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider owned 15,219 shares in the company, valued at $1,332,727.83. This trade represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total value of $299,225.50. Following the sale, the insider owned 35,864 shares in the company, valued at $3,261,830.80. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.14 on Friday, reaching $91.20. The company's stock had a trading volume of 5,765,549 shares, compared to its average volume of 9,546,720. 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 Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $92.15. The company has a market capitalization of $165.71 billion, a P/E ratio of 27.64, a PEG ratio of 0.98 and a beta of 0.93. The stock's 50 day simple moving average is $87.22 and its 200-day simple moving average is $80.68.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the business posted $0.74 earnings per share. As a group, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on SCHW. Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Truist Financial increased 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. JPMorgan Chase & Co. increased their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, UBS Group increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus target price of $89.40.

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.