Sigma Planning Corp Has $1.06 Million Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Sigma Planning Corp increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 58.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,516 shares of the financial services provider's stock after acquiring an additional 4,965 shares during the quarter. Sigma Planning Corp's holdings in Charles Schwab were worth $1,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in Charles Schwab in the 4th quarter worth about $1,289,544,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Charles Schwab by 354.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after acquiring an additional 8,584,173 shares in the last quarter. FMR LLC boosted its holdings in shares of Charles Schwab by 69.4% in the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after acquiring an additional 3,974,940 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after acquiring an additional 3,684,640 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $237,280,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the transaction, the director directly owned 105,654 shares in the company, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's 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 disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock worth $10,530,833 in the last ninety days. Company insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 2.0%

SCHW stock traded up $1.86 during midday trading on Thursday, reaching $93.12. The company had a trading volume of 12,569,078 shares, compared to its average volume of 9,359,606. The Charles Schwab Corporation has a 1 year low of $61.15 and a 1 year high of $93.69. 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 company has a market capitalization of $169.19 billion, a P/E ratio of 28.22, a PEG ratio of 0.95 and a beta of 0.93. The company has a 50 day moving average of $89.04 and a two-hundred day moving average of $81.76.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared 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 of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.16%. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCHW shares. Truist Financial increased their price objective on shares of Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. William Blair cut shares of Charles Schwab from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Redburn Atlantic upgraded shares of Charles Schwab from a "sell" rating to a "neutral" rating and raised their target price for the stock from $65.00 to $82.00 in a report on Monday, June 9th. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, April 25th. Finally, Citigroup restated an "outperform" rating on shares of Charles Schwab in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and a consensus target price of $95.60.

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.