LS Investment Advisors LLC Purchases 13,161 Shares of The Charles Schwab Co. (NYSE:SCHW)

LS Investment Advisors LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 41.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 45,095 shares of the financial services provider's stock after purchasing an additional 13,161 shares during the period. LS Investment Advisors LLC's holdings in Charles Schwab were worth $3,530,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

SCHW has been the topic of several research reports. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Truist Financial boosted their price target on Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. 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. Finally, TD Securities boosted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.63.

Charles Schwab Price Performance

Charles Schwab stock traded up $1.01 during trading hours on Friday, reaching $88.25. 4,858,045 shares of the stock were exchanged, compared to its average volume of 9,380,778. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The company has a market cap of $160.35 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The stock has a 50 day moving average of $81.53 and a two-hundred day moving average of $79.58.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly 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 company 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 30.31% and a return on equity of 18.20%. During the same quarter in the prior year, the firm posted $0.74 EPS. Equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. 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 payout ratio is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares of the company's stock, valued at approximately $3,936,320. This represents a 14.90% 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 the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of Charles Schwab stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently 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.