6,803 Shares in The Charles Schwab Corporation (NYSE:SCHW) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,803 shares of the financial services provider's stock, valued at approximately $533,000.

Several other hedge funds have also recently bought and sold shares of SCHW. Klingman & Associates LLC grew its holdings in Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after buying an additional 127 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after buying an additional 130 shares during the last quarter. O ROURKE & COMPANY Inc grew its holdings in Charles Schwab by 1.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after buying an additional 142 shares during the last quarter. Finally, Lantern Wealth Advisors LLC grew its holdings in Charles Schwab by 0.3% during the 4th quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock valued at $3,177,000 after buying an additional 144 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and increased their target price for the company from $65.00 to $82.00 in a report on Monday, June 9th. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. UBS Group raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, Barclays decreased their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

Insider Activity

In other news, insider Paul V. Woolway sold 8,614 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now directly owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,850 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the sale, the insider now owns 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,609 shares of company stock worth $11,182,440 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Stock Down 0.7%

NYSE:SCHW traded down $0.66 during mid-day trading on Friday, hitting $89.25. The company had a trading volume of 12,979,320 shares, compared to its average volume of 9,465,958. The business has a fifty day simple moving average of $84.81 and a 200-day simple moving average of $80.12. 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 Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $90.60. The firm has a market capitalization of $162.16 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 0.96 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $0.74 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.