William Allan Corp Buys 4,219 Shares of The Charles Schwab Corporation (NYSE:SCHW)

William Allan Corp raised its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,155 shares of the financial services provider's stock after purchasing an additional 4,219 shares during the period. Charles Schwab comprises about 2.7% of William Allan Corp's portfolio, making the stock its 16th largest holding. William Allan Corp's holdings in Charles Schwab were worth $4,239,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Atwood & Palmer Inc. bought a new position in Charles Schwab in the 1st quarter valued at about $25,000. Westside Investment Management Inc. boosted its position 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 valued at $27,000 after purchasing an additional 150 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of Charles Schwab during the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its position 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 valued at $36,000 after purchasing an additional 220 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of Charles Schwab by 53.1% during the 1st quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. Morgan Stanley restated an "overweight" rating and set a $117.00 price objective (up previously from $83.00) on shares of Charles Schwab in a research report on Tuesday, July 15th. Wells Fargo & Company set a $102.00 price objective on shares of Charles Schwab and gave the company an "overweight" rating in a research report on Friday, July 18th. Citigroup upped their price objective on shares of Charles Schwab from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Piper Sandler upped their price objective on shares of Charles Schwab from $80.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.65.

Insider Transactions at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the transaction, the director directly owned 105,654 shares of the company's stock, valued at $9,303,891.24. This trade represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the firm's stock in a transaction 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 116,313 shares of company stock valued at $10,264,091 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 1.0%

NYSE:SCHW traded up $0.95 during mid-day trading on Thursday, reaching $96.10. The stock had a trading volume of 3,729,678 shares, compared to its average volume of 10,245,950. The Charles Schwab Corporation has a fifty-two week low of $61.15 and a fifty-two week high of $97.50. 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 business's 50 day moving average is $90.00 and its 200 day moving average is $82.48. The stock has a market cap of $174.61 billion, a P/E ratio of 25.83, a PEG ratio of 0.92 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.64 billion. Charles Schwab had a net margin of 33.68% and a return on equity of 19.73%. Charles Schwab's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

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.