Retirement Planning Co of New England Inc. Purchases 7,524 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Retirement Planning Co of New England Inc. lifted its stake in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 194.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,386 shares of the financial services provider's stock after purchasing an additional 7,524 shares during the period. Retirement Planning Co of New England Inc.'s holdings in Charles Schwab were worth $891,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab during the 1st quarter valued at about $25,000. Westside Investment Management Inc. grew its position in Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. WFA Asset Management Corp bought a new position in Charles Schwab in the 1st quarter worth about $33,000. Cornerstone Planning Group LLC grew its position in Charles Schwab by 90.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Beacon Capital Management LLC grew its position in 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 purchasing an additional 169 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SCHW. Piper Sandler upped their target price on shares of Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday. Truist Financial upped their target price on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. JMP Securities upped their target price on shares of Charles Schwab from $94.00 to $106.00 and gave the stock a "market outperform" rating in a research report on Monday. TD Securities upped their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.60.

Insider Transactions at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the sale, the director directly owned 105,654 shares of the company's stock, valued at $9,303,891.24. This trade represents a 7.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $1.86 during trading on Thursday, hitting $93.12. The company had a trading volume of 12,569,078 shares, compared to its average volume of 9,359,606. The company has a market cap of $169.19 billion, a P/E ratio of 28.22, a PEG ratio of 0.95 and a beta of 0.93. The Charles Schwab Corporation has a 52 week low of $61.15 and a 52 week high of $93.69. The business's 50-day moving average is $89.04 and its 200 day moving average is $81.76. 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 posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the business posted $0.74 EPS. Equities research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is 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.