Transcend Capital Advisors LLC Invests $220,000 in The Charles Schwab Corporation (NYSE:SCHW)

Transcend Capital Advisors LLC purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,805 shares of the financial services provider's stock, valued at approximately $220,000.

A number of other large investors have also recently modified their holdings of SCHW. Personal CFO Solutions LLC raised its stake in 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 valued at $832,000 after buying an additional 130 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in Charles Schwab by 2.1% in the first quarter. Cornerstone Wealth Management LLC now owns 6,551 shares of the financial services provider's stock worth $513,000 after buying an additional 132 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in shares of Charles Schwab by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 7,817 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 140 shares during the period. O ROURKE & COMPANY Inc raised its stake in Charles Schwab by 1.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 12,958 shares of the financial services provider's stock valued at $959,000 after purchasing an additional 142 shares during the period. Finally, Lantern Wealth Advisors LLC increased its holdings in Charles Schwab by 0.3% in the 4th quarter. Lantern Wealth Advisors LLC now owns 46,540 shares of the financial services provider's stock valued at $3,177,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

NYSE SCHW traded down $0.14 on Friday, hitting $91.20. The stock had a trading volume of 5,765,549 shares, compared to its average volume of 9,546,720. The company's 50-day moving average is $87.22 and its two-hundred day moving average is $80.68. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $92.15. The stock has a market cap of $165.71 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced 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. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, 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. 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 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

Several brokerages have commented on SCHW. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Truist Financial raised their price target on shares of Charles Schwab from $97.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Piper Sandler boosted their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and increased their price target for the company from $65.00 to $82.00 in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the sale, the director owned 105,654 shares of the company's stock, valued at approximately $9,303,891.24. This trade represents a 7.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,905 shares of company stock worth $10,530,833. 6.30% of the stock is 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.