Wolf Group Capital Advisors Acquires Shares of 13,140 The Charles Schwab Corporation (NYSE:SCHW)

Wolf Group Capital Advisors purchased a new stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,140 shares of the financial services provider's stock, valued at approximately $1,029,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in shares of Charles Schwab during the fourth quarter valued at approximately $1,455,000. Banco Santander S.A. lifted its holdings in Charles Schwab by 49.6% during the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock worth $1,208,000 after buying an additional 5,413 shares during the period. Bank of New York Mellon Corp boosted its position in Charles Schwab by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider's stock valued at $772,579,000 after acquiring an additional 60,683 shares in the last quarter. Paradigm Asset Management Co. LLC increased its holdings in shares of Charles Schwab by 217.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider's stock valued at $3,578,000 after acquiring an additional 33,100 shares during the period. Finally, Graham Capital Management L.P. increased its holdings in shares of Charles Schwab by 248.3% in the 4th quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider's stock valued at $8,317,000 after acquiring an additional 80,112 shares during the period. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling

In related news, Director Frank C. Herringer sold 3,592 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the transaction, the insider now directly owns 49,204 shares of the company's stock, valued at $3,936,320. The trade was a 14.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,608 shares of company stock worth $8,392,040. 6.30% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.94 during mid-day trading on Wednesday, hitting $89.90. The stock had a trading volume of 8,081,605 shares, compared to its average volume of 9,422,954. The firm has a market cap of $163.35 billion, a PE ratio of 27.24, a PEG ratio of 0.95 and a beta of 0.94. 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 company has a 50 day moving average of $83.96 and a two-hundred day moving average of $79.94. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $90.17.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share 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 business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the business earned $0.74 EPS. Research analysts predict that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.20%. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of analyst reports. Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. TD Securities boosted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Finally, Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

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.