2,992 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Cornerstone Advisory LLC

Cornerstone Advisory LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,992 shares of the financial services provider's stock, valued at approximately $240,000.

Several other hedge funds have also recently modified their holdings of the stock. Oregon Pacific Wealth Management LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth about $688,000. Cary Street Partners Financial LLC purchased a new position in Charles Schwab in the 4th quarter worth approximately $1,455,000. Golden State Equity Partners boosted its holdings in shares of Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after purchasing an additional 9,108 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Charles Schwab by 7.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after purchasing an additional 43,308 shares in the last quarter. Finally, Banco Santander S.A. grew its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SCHW shares. Cowen reissued a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. TD Cowen raised shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price target for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Truist Financial raised their target price on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, JMP Securities reissued a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.63.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares of the company's stock, valued at $3,613,038.78. This represents a 17.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,088 shares of company stock worth $8,105,928 in the last ninety days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Stock Up 0.2%

Shares of SCHW traded up $0.13 during mid-day trading on Monday, reaching $87.44. The company's stock had a trading volume of 5,150,130 shares, compared to its average volume of 9,392,108. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The stock has a market cap of $158.88 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company's 50 day moving average is $79.97 and its 200 day moving average is $79.02.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the firm posted $0.74 earnings per share. Equities analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) 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.