Elevation Point Wealth Partners LLC Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Elevation Point Wealth Partners LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,243 shares of the financial services provider's stock after acquiring an additional 6,446 shares during the period. Elevation Point Wealth Partners LLC's holdings in Charles Schwab were worth $2,759,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC boosted its stake in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after purchasing an additional 124 shares in the last quarter. Klingman & Associates LLC raised its position in Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after buying an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock worth $353,000 after buying an additional 127 shares during the last quarter. Personal CFO Solutions LLC raised its position in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after buying an additional 130 shares during the last quarter. Finally, O ROURKE & COMPANY Inc raised its position in Charles Schwab by 1.1% in the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock worth $959,000 after buying an additional 142 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Down 1.4%

SCHW traded down $1.24 during mid-day trading on Friday, hitting $87.26. 8,938,909 shares of the stock were exchanged, compared to its average volume of 9,430,908. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $158.55 billion, a PE ratio of 29.18, a PEG ratio of 0.99 and a beta of 0.94. The firm's fifty day moving average is $83.30 and its two-hundred day moving average is $79.85. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company earned $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Truist Financial raised their price target on Charles Schwab from $84.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. UBS Group raised 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. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of Charles Schwab stock in a transaction that occurred 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 transaction, the insider now owns 15,219 shares of the company's stock, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 49,204 shares in the company, valued at approximately $3,936,320. The trade was a 14.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,608 shares of company stock valued at $8,392,040. Corporate insiders own 6.30% of the company's stock.

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.