Sweeney & Michel LLC Invests $509,000 in The Charles Schwab Co. (NYSE:SCHW)

Sweeney & Michel LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,496 shares of the financial services provider's stock, valued at approximately $509,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the 4th quarter worth about $38,000. Atala Financial Inc purchased a new position in Charles Schwab in the fourth quarter valued at about $41,000. Investors Research Corp boosted its stake in Charles Schwab by 75.2% in the first quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 240 shares during the last quarter. Knuff & Co LLC boosted its stake in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Finally, Financial Life Planners purchased a new position in Charles Schwab in the fourth quarter valued at about $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 0.2%

Charles Schwab stock traded up $0.18 during trading hours on Thursday, reaching $87.66. The stock had a trading volume of 1,978,790 shares, compared to its average volume of 9,373,280. The company has a fifty day simple moving average of $81.35 and a 200-day simple moving average of $79.54. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $159.28 billion, a PE ratio of 29.32, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted 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 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period last year, the company posted $0.74 EPS. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. UBS Group boosted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Piper Sandler increased their target price on shares of Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Truist Financial increased their price target on shares of Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and increased their price target for the stock 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, two have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 8,614 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were 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 approximately $3,936,320. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $249,574.50. Following the sale, the insider now owns 15,219 shares of the company's stock, valued at approximately $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 a total of 97,608 shares of company stock valued at $8,392,040 in the last three months. Company insiders own 6.30% of the company's stock.

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.