The Charles Schwab Corporation (NYSE:SCHW) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 28.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,122 shares of the financial services provider's stock after buying an additional 5,973 shares during the quarter. GAMMA Investing LLC's holdings in Charles Schwab were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Personal CFO Solutions LLC raised its stake in shares of Charles Schwab by 1.2% during the fourth quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after purchasing an additional 130 shares during the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of Charles Schwab by 1.1% during the fourth quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock worth $959,000 after purchasing an additional 142 shares during the last quarter. Lantern Wealth Advisors LLC raised its stake in shares of Charles Schwab by 0.3% during the fourth quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock worth $3,177,000 after purchasing an additional 144 shares during the last quarter. TAGStone Capital Inc. raised its stake in shares of Charles Schwab by 2.2% during the fourth quarter. TAGStone Capital Inc. now owns 6,801 shares of the financial services provider's stock worth $503,000 after purchasing an additional 146 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Charles Schwab by 17.9% during the first quarter. AdvisorNet Financial Inc now owns 967 shares of the financial services provider's stock worth $76,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and upped their price target for the stock from $65.00 to $82.00 in a research note on Monday, June 9th. Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, TD Securities upped their price objective on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.40.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 10,129 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $911,711.29. Following the completion of the transaction, the insider now owns 39,154 shares in the company, valued at $3,524,251.54. This represents a 20.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company's stock, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,995 shares of company stock valued at $10,493,320. Insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 0.6%

Shares of NYSE:SCHW opened at $90.02 on Friday. The stock's 50-day moving average price is $86.10 and its two-hundred day moving average price is $80.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $90.86. The firm has a market cap of $163.56 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 0.96 and a beta of 0.94.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company earned $0.74 EPS. On average, research analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 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.

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