Skylands Capital LLC Has $2.71 Million Stake in The Charles Schwab Corporation (NYSE:SCHW)

Skylands Capital LLC raised its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,600 shares of the financial services provider's stock after purchasing an additional 4,250 shares during the period. Skylands Capital LLC's holdings in Charles Schwab were worth $2,708,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the first quarter worth $25,000. WFA Asset Management Corp purchased a new position in shares of Charles Schwab in the first quarter valued at $33,000. Beacon Capital Management LLC increased its position in shares of Charles Schwab by 53.1% in the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after buying an additional 169 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab in the fourth quarter valued at $38,000. Finally, Atala Financial Inc purchased a new position in shares of Charles Schwab in the fourth quarter valued at $41,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the transaction, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,995 shares of company stock worth $10,493,320 in the last 90 days. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.6%

NYSE:SCHW traded up $0.58 during trading hours on Friday, hitting $90.02. 9,335,355 shares of the company's stock traded hands, compared to its average volume of 9,511,640. The firm has a market cap of $163.56 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $90.86. 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 stock's fifty day moving average price is $86.10 and its two-hundred day moving average price is $80.38.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results 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. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SCHW shares. Piper Sandler lifted their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. The Goldman Sachs Group upgraded 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. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price target for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.40.

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.