Stratos Wealth Partners LTD. Reduces Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Stratos Wealth Partners LTD. reduced its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,093 shares of the financial services provider's stock after selling 5,187 shares during the period. Stratos Wealth Partners LTD.'s holdings in Charles Schwab were worth $2,982,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. HM Payson & Co. increased its stake in Charles Schwab by 0.7% during the 1st quarter. HM Payson & Co. now owns 19,271 shares of the financial services provider's stock worth $1,509,000 after buying an additional 130 shares during the period. Cornerstone Wealth Management LLC increased its stake in Charles Schwab by 2.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock worth $513,000 after buying an additional 132 shares during the period. Premier Path Wealth Partners LLC increased its stake in Charles Schwab by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock worth $612,000 after buying an additional 140 shares during the period. Sutton Place Investors LLC increased its stake in Charles Schwab by 1.6% during the 1st quarter. Sutton Place Investors LLC now owns 8,677 shares of the financial services provider's stock worth $679,000 after buying an additional 140 shares during the period. Finally, 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 worth $959,000 after acquiring an additional 142 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW traded down $0.82 during trading hours on Friday, reaching $92.22. 2,394,099 shares of the company's stock were exchanged, compared to its average volume of 9,555,816. The firm has a market capitalization of $167.55 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a 50-day moving average of $88.35 and a 200 day moving average of $81.29. The company has a quick ratio of 0.53, a current 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 $93.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter last year, the business earned $0.74 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

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

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $90.95, for a total transaction of $299,225.50. Following the completion of the transaction, the insider directly owned 35,864 shares in the company, valued at approximately $3,261,830.80. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 20,872 shares of the firm's 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 transaction, the insider owned 58,999 shares of the company's stock, valued at $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,905 shares of company stock valued at $10,530,833. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. Barclays raised their price target on Charles Schwab from $89.00 to $106.00 and gave the company an "overweight" rating in a research note on Thursday. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Finally, Truist Financial raised their price target on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $92.70.

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.