Hudson Valley Investment Advisors Inc. ADV Raises Holdings in The Charles Schwab Co. (NYSE:SCHW)

Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,087 shares of the financial services provider's stock after purchasing an additional 3,974 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Charles Schwab were worth $4,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab in the 4th quarter worth $38,000. Atala Financial Inc bought a new stake in Charles Schwab during the fourth quarter valued at about $41,000. Investors Research Corp raised its holdings in Charles Schwab by 75.2% during the first quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 240 shares during the period. Knuff & Co LLC increased its holdings in shares of Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth about $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 1.2%

Shares of NYSE:SCHW opened at $88.25 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $81.74 and a 200 day simple moving average of $79.64. The firm has a market cap of $160.35 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SCHW. Morgan Stanley upped their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. UBS Group upped their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Truist Financial increased their target price on shares of Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Piper Sandler increased their target price on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Insiders Place Their Bets

In other news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company's stock, valued at approximately $3,548,152.32. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is owned by corporate insiders.

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.

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