The Charles Schwab Corporation (NYSE:SCHW) Stock Holdings Boosted by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 37.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,739 shares of the financial services provider's stock after purchasing an additional 5,125 shares during the quarter. Schechter Investment Advisors LLC's holdings in Charles Schwab were worth $1,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab during the 1st quarter worth $25,000. Westside Investment Management Inc. boosted its stake in shares of Charles Schwab by 75.0% during the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after acquiring an additional 150 shares in the last quarter. WFA Asset Management Corp bought a new stake in shares of Charles Schwab during the 1st quarter worth $33,000. Cornerstone Planning Group LLC boosted its stake in shares of Charles Schwab by 90.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after acquiring an additional 220 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab during the 4th quarter worth $38,000. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on SCHW shares. Morgan Stanley increased their target price on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Piper Sandler increased their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Truist Financial increased their target price on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a report on Monday, June 16th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Citigroup increased their target price on Charles Schwab from $102.00 to $105.00 and gave the company a "buy" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.70.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 20,872 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $1,878,688.72. Following the sale, the insider directly owned 58,999 shares of the company's stock, valued at approximately $5,310,499.99. This trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 in the last three months. 6.30% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $91.96 on Monday. The business's 50-day simple moving average is $88.53 and its 200-day simple moving average is $81.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53. The Charles Schwab Corporation has a 52 week low of $61.01 and a 52 week high of $93.35. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the business earned $0.74 EPS. As a group, equities research analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, May 9th. Charles Schwab's payout ratio is 32.73%.

About Charles Schwab

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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