Strategic Blueprint LLC Has $315,000 Stake in The Charles Schwab Corporation (NYSE:SCHW)

Strategic Blueprint LLC decreased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 50.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,027 shares of the financial services provider's stock after selling 4,038 shares during the quarter. Strategic Blueprint LLC's holdings in Charles Schwab were worth $315,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCHW. Brighton Jones LLC boosted its holdings in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 19,195 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Charles Schwab during the fourth quarter worth $441,000. Banco Santander S.A. raised its position in Charles Schwab by 49.6% during the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after acquiring an additional 5,413 shares in the last quarter. Personal CFO Solutions LLC raised its position in Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after acquiring an additional 130 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Charles Schwab during the fourth quarter worth $1,979,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SCHW. TD Securities upped their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Piper Sandler upped their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Morgan Stanley upped their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Redburn Atlantic raised shares of Charles Schwab from a "sell" rating to a "neutral" rating and upped their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Finally, Wells Fargo & Company dropped their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.55.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 20,872 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the sale, the insider directly owned 58,999 shares in the company, valued at $5,310,499.99. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the sale, the director owned 105,654 shares in the company, valued at $9,303,891.24. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,905 shares of company stock valued at $10,530,833. Company insiders own 6.30% of the company's stock.

Charles Schwab Price Performance

NYSE:SCHW opened at $92.62 on Tuesday. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $92.66. The firm has a market cap of $168.29 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 0.98 and a beta of 0.93. The firm's 50-day simple moving average is $87.69 and its 200 day simple moving average is $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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The firm 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 period in the prior year, the company posted $0.74 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current 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 paid a dividend of $0.27 per share. 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 payout ratio is 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.

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