Colonial River Investments LLC Acquires New Position in The Charles Schwab Corporation (NYSE:SCHW)

Colonial River Investments LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,921 shares of the financial services provider's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC increased its position in Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after purchasing an additional 130 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Charles Schwab by 2.1% during the first quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 132 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Charles Schwab by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 140 shares during the period. O ROURKE & COMPANY Inc grew its position in 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 acquiring an additional 142 shares in the last quarter. Finally, Lantern Wealth Advisors LLC grew its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock valued at $3,177,000 after purchasing an additional 144 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the transaction, the insider now directly owns 15,219 shares of the company's stock, valued at $1,332,727.83. The trade was a 15.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,995 shares of company stock valued at $10,493,320 in the last ninety days. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and raised their target price for the company from $65.00 to $82.00 in a report on Monday, June 9th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

Charles Schwab Stock Performance

Charles Schwab stock opened at $90.02 on Friday. The stock has a fifty day moving average price of $86.10 and a 200 day moving average price of $80.38. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $90.86. The firm has a market capitalization of $163.56 billion, a P/E ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94. 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 posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the company posted $0.74 EPS. Equities research analysts anticipate 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. Shareholders 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 1.20%. Charles Schwab's dividend payout ratio (DPR) is presently 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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