Parcion Private Wealth LLC Invests $434,000 in The Charles Schwab Corporation (NYSE:SCHW)

Parcion Private Wealth LLC bought a new position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 5,548 shares of the financial services provider's stock, valued at approximately $434,000.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position 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 valued at $1,794,000 after acquiring 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 valued at about $441,000. Harbour Investments Inc. increased its position in shares of Charles Schwab by 2.7% in the fourth quarter. Harbour Investments Inc. now owns 7,818 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 206 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Charles Schwab by 71.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 13,205 shares of the financial services provider's stock valued at $977,000 after acquiring an additional 5,483 shares during the period. Finally, PDS Planning Inc increased its position in shares of Charles Schwab by 6.5% in the fourth quarter. PDS Planning Inc now owns 8,212 shares of the financial services provider's stock valued at $608,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCHW. Piper Sandler boosted their price objective on shares of Charles Schwab from $80.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday. TD Securities boosted their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Raymond James Financial reaffirmed an "outperform" rating and set a $99.00 target price on shares of Charles Schwab in a research note on Friday. Finally, Barclays reiterated an "overweight" rating on shares of Charles Schwab in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of "Moderate Buy" and an average target price of $95.60.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Up 3.0%

SCHW traded up $2.77 during midday trading on Friday, reaching $95.87. The company's stock had a trading volume of 23,552,773 shares, compared to its average volume of 9,416,153. The firm has a market capitalization of $174.19 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 0.95 and a beta of 0.93. 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 Charles Schwab Corporation has a 1 year low of $61.15 and a 1 year high of $98.49. The stock's 50-day moving average is $89.21 and its 200-day moving average is $81.89.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analysts' expectations of $5.64 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The business's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend yield of 1.13%. Charles Schwab's dividend payout ratio is presently 32.73%.

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.