Secured Retirement Advisors LLC Has $923,000 Stock Position in The Charles Schwab Corporation (NYSE:SCHW)

Secured Retirement Advisors LLC decreased its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 58.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,793 shares of the financial services provider's stock after selling 16,694 shares during the quarter. Secured Retirement Advisors LLC's holdings in Charles Schwab were worth $923,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. HM Payson & Co. boosted its holdings in Charles Schwab by 0.7% during the first quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 130 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Charles Schwab by 2.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock worth $513,000 after buying an additional 132 shares during the period. Premier Path Wealth Partners LLC boosted its stake in Charles Schwab by 1.8% in the 1st quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after buying an additional 140 shares in the last quarter. Sutton Place Investors LLC grew its position in Charles Schwab by 1.6% in the first quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock valued at $679,000 after acquiring an additional 140 shares during the period. Finally, O ROURKE & COMPANY Inc grew its position in Charles Schwab by 1.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Trading Down 1.2%

SCHW traded down $1.08 during midday trading on Friday, reaching $91.96. 6,814,781 shares of the company were exchanged, compared to its average volume of 9,599,814. The stock has a market capitalization of $167.09 billion, a P/E ratio of 27.87, a PEG ratio of 0.97 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $93.35. The stock's 50-day simple moving average is $88.53 and its 200 day simple moving average is $81.45. 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 released 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. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $0.74 EPS. As a group, analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors 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 dividend on an annualized basis and a dividend yield of 1.17%. Charles Schwab's payout ratio is 32.73%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $90.95, for a total transaction of $299,225.50. Following the completion of the transaction, the insider owned 35,864 shares of the company's stock, valued at $3,261,830.80. This represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction that occurred 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 completion of the sale, the director owned 105,654 shares in the company, valued at $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,905 shares of company stock valued at $10,530,833 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SCHW. Redburn Atlantic raised 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 report on Monday, June 9th. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods boosted 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. Barclays increased their price objective on shares of Charles Schwab from $89.00 to $106.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, TD Securities raised their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

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.