Pure Financial Advisors LLC Has $726,000 Position in The Charles Schwab Corporation (NYSE:SCHW)

Pure Financial Advisors LLC raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 69.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,274 shares of the financial services provider's stock after acquiring an additional 3,787 shares during the quarter. Pure Financial Advisors LLC's holdings in Charles Schwab were worth $726,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab during the 1st quarter valued at about $25,000. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the first quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $38,000. Beacon Capital Management LLC boosted its holdings in shares of Charles Schwab by 53.1% in the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock worth $38,000 after acquiring an additional 169 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in Charles Schwab during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,850 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the sale, the insider now directly owns 15,219 shares of the company's stock, valued at approximately $1,332,727.83. This represents a 15.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of the firm'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 sale, the director now 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 quarter, insiders have sold 119,995 shares of company stock valued at $10,493,320. 6.30% of the stock is owned by company insiders.

Charles Schwab Price Performance

Shares of SCHW opened at $89.55 on Friday. 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 stock has a market cap of $162.70 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The stock's 50-day moving average price is $85.83 and its two-hundred day moving average price is $80.34. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $90.86.

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 firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Ratings Changes

SCHW has been the subject of several research analyst reports. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $65.00 to $82.00 in a research report on Monday, June 9th. Piper Sandler raised their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial lifted their price target on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. UBS Group increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods raised 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $89.40.

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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