Sendero Wealth Management LLC Acquires 9,975 Shares of The Charles Schwab Co. (NYSE:SCHW)

Sendero Wealth Management LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,785 shares of the financial services provider's stock after buying an additional 9,975 shares during the period. Charles Schwab makes up approximately 1.3% of Sendero Wealth Management LLC's portfolio, making the stock its 16th biggest holding. Sendero Wealth Management LLC's holdings in Charles Schwab were worth $9,298,000 at the end of the most recent quarter.

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

Charles Schwab Stock Up 1.2%

SCHW traded up $1.01 on Friday, hitting $88.25. The company had a trading volume of 4,858,045 shares, compared to its average volume of 9,415,810. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The stock has a fifty day simple moving average of $81.74 and a 200-day simple moving average of $79.64. The firm has a market capitalization of $160.35 billion, a P/E ratio of 29.52, a P/E/G ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business posted $0.74 earnings per share. As a group, 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. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Charles Schwab's payout ratio is 32.73%.

Insider Activity

In related news, insider Jonathan M. Craig sold 47,500 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab 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 completion of the sale, the director now directly owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,608 shares of company stock worth $8,392,040. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SCHW. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial upped their price target on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Barclays decreased their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Piper Sandler upped their price target on shares of Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

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.