Silver Oak Securities Incorporated Acquires New Position in The Charles Schwab Corporation (NYSE:SCHW)

Silver Oak Securities Incorporated acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,817 shares of the financial services provider's stock, valued at approximately $297,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after buying an additional 1,187,384 shares during the period. Geode Capital Management LLC lifted its stake in Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after acquiring an additional 760,043 shares in the last quarter. Norges Bank bought a new position in Charles Schwab during the 4th quarter valued at $1,289,544,000. Northern Trust Corp lifted its stake in Charles Schwab by 13.4% during the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider's stock valued at $1,164,911,000 after acquiring an additional 1,864,286 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Charles Schwab by 3.0% during the 4th quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider's stock worth $1,098,497,000 after purchasing an additional 430,250 shares during the period. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Securities lifted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Piper Sandler lifted their target price on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. JPMorgan Chase & Co. lifted their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company lowered their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.55.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $911,711.29. Following the completion of the sale, the insider directly owned 39,154 shares in the company, valued at $3,524,251.54. The trade was a 20.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the sale, the director owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock valued at $10,530,833 in the last 90 days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

SCHW traded down $0.60 during midday trading on Tuesday, hitting $92.00. The stock had a trading volume of 7,089,514 shares, compared to its average volume of 9,553,135. The company has a market cap of $167.16 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. The business has a fifty day moving average of $87.69 and a 200 day moving average of $81.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $92.78.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the previous year, the company posted $0.74 earnings per share. As a group, equities analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Charles Schwab 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.