Schechter Investment Advisors LLC Acquires 5,125 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Schechter Investment Advisors LLC boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other 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 first quarter valued at about $25,000. Westside Investment Management Inc. grew its stake in shares of Charles Schwab by 75.0% in the 1st quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after buying an additional 150 shares in the last quarter. WFA Asset Management Corp bought a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC lifted its holdings in Charles Schwab by 90.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock worth $36,000 after purchasing an additional 220 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research reports. William Blair cut Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Truist Financial increased their target price on Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Citigroup reiterated an "outperform" rating on shares of Charles Schwab in a report on Monday. Raymond James Financial raised their price target on Charles Schwab from $91.00 to $99.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their target price on Charles Schwab from $87.00 to $102.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.60.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Insiders sold 119,905 shares of company stock worth $10,530,833 in the last quarter. Company insiders own 6.30% of the company's stock.

Charles Schwab Trading Up 2.0%

Shares of Charles Schwab stock traded up $1.86 on Thursday, hitting $93.12. 12,569,078 shares of the company's stock traded hands, compared to its average volume of 9,359,606. The Charles Schwab Corporation has a one year low of $61.15 and a one year high of $93.69. 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 company has a fifty day moving average of $89.21 and a two-hundred day moving average of $81.89. The company has a market capitalization of $169.19 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, sell-side analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is currently 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.