Burling Wealth Partners LLC Has $695,000 Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Burling Wealth Partners LLC trimmed its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 26.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,883 shares of the financial services provider's stock after selling 3,197 shares during the period. Burling Wealth Partners LLC's holdings in Charles Schwab were worth $695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. acquired a new stake in Charles Schwab during the first quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its holdings in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. WFA Asset Management Corp acquired a new stake in Charles Schwab during the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC boosted its holdings in Charles Schwab by 90.5% during the first quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 220 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $38,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company set a $102.00 target price on Charles Schwab and gave the stock an "overweight" rating in a report on Friday. Truist Financial boosted their target price on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Piper Sandler boosted their target price on Charles Schwab from $80.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday. Citigroup reissued an "outperform" rating on shares of Charles Schwab in a report on Monday. Finally, JMP Securities boosted their target price on Charles Schwab from $94.00 to $106.00 and gave the stock a "market outperform" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $95.60.

Charles Schwab Trading Up 3.0%

Shares of Charles Schwab stock traded up $2.77 on Friday, hitting $95.87. 23,552,773 shares of the company's stock traded hands, compared to its average volume of 9,416,155. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The Charles Schwab Corporation has a one year low of $61.15 and a one year high of $98.49. The firm's 50-day moving average price is $89.21 and its two-hundred day moving average price is $81.89. The stock has a market capitalization of $174.19 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.04. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The business had revenue of $5.85 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The firm's quarterly revenue was up 24.8% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Insiders Place Their Bets

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 20,872 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This represents a 26.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,905 shares of company stock worth $10,530,833 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

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.