Allen Mooney & Barnes Investment Advisors LLC Has $14.36 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,489 shares of the financial services provider's stock after purchasing an additional 3,959 shares during the quarter. Charles Schwab makes up approximately 2.3% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its 12th largest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Charles Schwab were worth $14,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Charles Schwab in the 1st quarter valued at about $25,000. WFA Asset Management Corp acquired a new position in shares of Charles Schwab in the 1st quarter valued at about $33,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $41,000. Finally, Investors Research Corp lifted its stake in shares of Charles Schwab by 75.2% in the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCHW. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Wells Fargo & Company reduced their price objective on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Barclays reduced their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group boosted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two 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 company. According to MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul V. Woolway sold 8,614 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the sale, the insider now directly owns 49,204 shares of the company's stock, valued at approximately $3,936,320. This represents a 14.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded down $1.24 during trading on Friday, reaching $87.26. The stock had a trading volume of 8,938,909 shares, compared to its average volume of 9,416,209. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $158.55 billion, a PE ratio of 29.18, a P/E/G ratio of 0.99 and a beta of 0.94. The firm's 50 day moving average price is $83.30 and its two-hundred day moving average price is $79.87.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the business earned $0.74 EPS. On average, research analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders 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 1.24%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

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.