Hohimer Wealth Management LLC Purchases Shares of 9,257 The Charles Schwab Corporation (NYSE:SCHW)

Hohimer Wealth Management LLC purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,257 shares of the financial services provider's stock, valued at approximately $725,000.

A number of other large investors have also added to or reduced their stakes in SCHW. Brighton Jones LLC increased its holdings in shares of Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after buying an additional 19,195 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth about $441,000. PFG Advisors purchased a new position in shares of Charles Schwab in the fourth quarter worth about $220,000. LBP AM SA purchased a new position in shares of Charles Schwab in the fourth quarter worth about $3,596,000. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Charles Schwab in the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In other Charles Schwab news, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the transaction, the director owned 105,654 shares in the company, valued at $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider directly owned 58,999 shares of the company's stock, valued at $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock valued at $10,530,833 over the last ninety days. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $91.96 on Monday. 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 firm has a fifty day moving average price of $88.53 and a 200 day moving average price of $81.49. The company has a market cap of $167.09 billion, a P/E ratio of 27.87, a PEG ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $93.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.74 earnings per share. Sell-side analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.17%. Charles Schwab's dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Truist Financial boosted their price target on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. Raymond James Financial boosted their price target on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

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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