Continuum Advisory LLC Buys 14,442 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Continuum Advisory LLC boosted its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 160.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,444 shares of the financial services provider's stock after buying an additional 14,442 shares during the quarter. Continuum Advisory LLC's holdings in Charles Schwab were worth $1,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC boosted its stake in Charles Schwab by 1.2% in the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after acquiring an additional 130 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Charles Schwab by 2.1% in 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 period. Premier Path Wealth Partners LLC boosted its stake 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 acquiring an additional 140 shares during the period. O ROURKE & COMPANY Inc boosted its stake in Charles Schwab by 1.1% in the fourth 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 during the period. Finally, Lantern Wealth Advisors LLC boosted its stake in 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 acquiring an additional 144 shares during the period. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SCHW. UBS Group boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a research report on Monday, April 21st. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Truist Financial boosted their price objective on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $89.40.

Charles Schwab Price Performance

NYSE:SCHW traded down $0.91 during mid-day trading on Monday, hitting $88.30. The company's stock had a trading volume of 10,243,361 shares, compared to its average volume of 9,457,970. The Charles Schwab Corporation has a fifty-two week low of $61.01 and a fifty-two week high of $90.60. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $160.44 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.95 and a beta of 0.94. The stock has a fifty day moving average of $85.04 and a 200-day moving average of $80.15.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Insider Activity at Charles Schwab

In related news, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,995 shares of company stock valued at $10,493,320 over the last quarter. Corporate insiders own 6.30% of the company's stock.

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.