Insigneo Advisory Services LLC Acquires 3,833 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Insigneo Advisory Services LLC boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 39.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,611 shares of the financial services provider's stock after purchasing an additional 3,833 shares during the quarter. Insigneo Advisory Services LLC's holdings in Charles Schwab were worth $1,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atwood & Palmer Inc. purchased a new stake in Charles Schwab during the 1st quarter valued at about $25,000. WFA Asset Management Corp bought a new position in shares of Charles Schwab in the first quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $41,000. Finally, Investors Research Corp raised its holdings in Charles Schwab by 75.2% in the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock worth $44,000 after acquiring an additional 240 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SCHW shares. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Piper Sandler increased their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Morgan Stanley lifted their target price on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Barclays decreased their target price on shares of 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, TD Securities raised their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.40.

Charles Schwab Stock Down 0.0%

NYSE SCHW opened at $88.95 on Wednesday. The stock has a 50 day moving average price of $83.96 and a 200-day moving average price of $79.94. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $89.85. The company has a market capitalization of $161.61 billion, a P/E ratio of 26.95, a P/E/G ratio of 0.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business 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 18.31% and a net margin of 31.71%. During the same period in the prior year, the business posted $0.74 earnings per share. As a group, equities analysts predict that The Charles Schwab Corporation 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. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Charles Schwab's payout ratio is 32.73%.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,608 shares of company stock valued at $8,392,040. Insiders own 6.30% of the company's stock.

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.

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