Leigh Baldwin & CO. LLC Makes New $293,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Leigh Baldwin & CO. LLC bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,959 shares of the financial services provider's stock, valued at approximately $293,000.

Other large investors have also recently modified their holdings of the company. Oregon Pacific Wealth Management LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at $688,000. Cary Street Partners Financial LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at $1,455,000. Golden State Equity Partners lifted its stake in shares of Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after acquiring an additional 9,108 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider's stock valued at $47,674,000 after acquiring an additional 43,308 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of Charles Schwab by 49.6% in the 4th quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after acquiring an additional 5,413 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Up 0.7%

Shares of SCHW stock traded up $0.59 during mid-day trading on Friday, hitting $88.35. The company's stock had a trading volume of 11,834,362 shares, compared to its average volume of 9,402,122. The company's fifty day simple moving average is $80.83 and its 200-day simple moving average is $79.38. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $160.53 billion, a PE ratio of 29.55, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $0.74 EPS. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCHW. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Morgan Stanley lifted their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Insider Transactions at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the company'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 104,735 shares of company stock valued at $8,867,382 over the last ninety days. 6.30% of the stock is owned by company 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.