Fulton Bank N.A. Buys 4,733 Shares of The Charles Schwab Co. (NYSE:SCHW)

Fulton Bank N.A. grew its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 110.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,013 shares of the financial services provider's stock after acquiring an additional 4,733 shares during the period. Fulton Bank N.A.'s holdings in Charles Schwab were worth $706,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SCHW. Merit Financial Group LLC boosted its stake in shares of Charles Schwab by 33.8% during the 1st quarter. Merit Financial Group LLC now owns 44,886 shares of the financial services provider's stock worth $3,514,000 after acquiring an additional 11,340 shares in the last quarter. Baxter Bros Inc. boosted its position in Charles Schwab by 43.2% during the first quarter. Baxter Bros Inc. now owns 82,494 shares of the financial services provider's stock worth $6,458,000 after purchasing an additional 24,876 shares during the period. O Keefe Stevens Advisory Inc. acquired a new position in Charles Schwab during the first quarter valued at approximately $211,000. Graves Light Lenhart Wealth Inc. bought a new position in shares of Charles Schwab in the first quarter valued at approximately $228,000. Finally, LVW Advisors LLC acquired a new stake in shares of Charles Schwab in the first quarter worth $209,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,290 shares of Charles Schwab stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the completion of the transaction, the insider now owns 39,154 shares in the company, valued at approximately $3,433,022.72. The trade was a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock worth $8,392,040 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SCHW. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. UBS Group upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Barclays decreased their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average target price of $89.63.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $1.01 during trading hours on Friday, reaching $88.25. The stock had a trading volume of 4,858,045 shares, compared to its average volume of 9,380,778. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The company has a market cap of $160.35 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90. 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 business's fifty day moving average is $81.53 and its two-hundred day moving average is $79.58.

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, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the firm posted $0.74 EPS. As a group, research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

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

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.