Stratos Wealth Partners LTD. Has $2.98 Million Position in The Charles Schwab Corporation (NYSE:SCHW)

Stratos Wealth Partners LTD. lowered its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 12.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after buying an additional 19,195 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Charles Schwab during the fourth quarter valued at about $441,000. AlphaQuest LLC lifted its stake in Charles Schwab by 81.0% during the fourth quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after buying an additional 3,370 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in Charles Schwab by 4.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 7,454 shares of the financial services provider's stock valued at $552,000 after buying an additional 311 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Charles Schwab by 1.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 100,967 shares of the financial services provider's stock worth $7,473,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of several analyst reports. TD Securities increased their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased 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. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and increased their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. Piper Sandler increased their price target on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Finally, Raymond James Financial increased their price target on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.95.

Insider Activity

In other news, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was 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. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. In the last three months, insiders sold 119,905 shares of company stock worth $10,530,833. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 0.8%

NYSE:SCHW traded up $0.70 on Thursday, hitting $93.02. 6,740,737 shares of the stock were exchanged, compared to its average volume of 9,563,448. The stock has a market capitalization of $169.01 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $93.38. 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 company's 50-day moving average price is $88.12 and its 200 day moving average price is $81.16.

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, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the business posted $0.74 EPS. On average, equities research analysts forecast 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 issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.16%. Charles Schwab's dividend payout ratio is currently 32.73%.

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.