Gateway Investment Advisers LLC Buys 5,064 Shares of The Charles Schwab Co. (NYSE:SCHW)

Gateway Investment Advisers LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,920 shares of the financial services provider's stock after acquiring an additional 5,064 shares during the period. Gateway Investment Advisers LLC's holdings in Charles Schwab were worth $29,818,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Charles Schwab by 380.5% during the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in Charles Schwab during the fourth quarter valued at approximately $236,000. YANKCOM Partnership bought a new stake in Charles Schwab during the 4th quarter worth approximately $107,000. Bleakley Financial Group LLC lifted its stake in Charles Schwab by 0.9% in the 4th quarter. Bleakley Financial Group LLC now owns 25,344 shares of the financial services provider's stock worth $1,876,000 after purchasing an additional 228 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in Charles Schwab by 1.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 65,159 shares of the financial services provider's stock worth $4,822,000 after purchasing an additional 1,082 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

SCHW stock opened at $88.25 on Friday. 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 1 year low of $61.01 and a 1 year high of $89.85. The firm has a 50-day moving average of $81.74 and a 200 day moving average of $79.64. The company has a market cap of $160.35 billion, a P/E ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the prior year, the business earned $0.74 EPS. On average, sell-side analysts forecast 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 paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.22%. Charles Schwab's payout ratio is 32.73%.

Analysts Set New Price Targets

SCHW has been the topic of a number of research analyst reports. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and upped their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. JMP Securities reiterated a "market outperform" rating and set a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the transaction, the insider now directly owns 15,219 shares of the company's stock, valued at approximately $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is owned by corporate insiders.

About Charles Schwab

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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