Xponance Inc. Purchases 45,446 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Xponance Inc. increased its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 17.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,641 shares of the financial services provider's stock after purchasing an additional 45,446 shares during the period. Xponance Inc.'s holdings in Charles Schwab were worth $23,926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock valued at $1,794,000 after acquiring an additional 19,195 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Charles Schwab during the fourth quarter valued at $441,000. AlphaQuest LLC lifted its stake in Charles Schwab by 81.0% in the fourth quarter. AlphaQuest LLC now owns 7,531 shares of the financial services provider's stock valued at $557,000 after buying an additional 3,370 shares during the period. PFG Advisors acquired a new position in Charles Schwab in the fourth quarter valued at about $220,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Charles Schwab by 1.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 23,017 shares of the financial services provider's stock valued at $1,704,000 after buying an additional 313 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SCHW shares. Redburn Atlantic raised Charles Schwab from a "sell" rating to a "neutral" rating and raised their price target for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Raymond James Financial raised their price target on Charles Schwab from $91.00 to $99.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial raised their price target on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, William Blair lowered Charles Schwab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and a consensus price target of $91.95.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $93.02 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12 month low of $61.01 and a 12 month high of $93.35. The stock has a 50 day moving average of $88.35 and a 200-day moving average of $81.29. The company has a market capitalization of $169.01 billion, a P/E ratio of 28.19, a P/E/G ratio of 0.97 and a beta of 0.93.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the previous year, the company posted $0.74 EPS. As a group, equities research analysts predict that The Charles Schwab Corporation will post 4.22 EPS 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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.16%. Charles Schwab's payout ratio is currently 32.73%.

Insider Buying and Selling at Charles Schwab

In related news, Director Paula A. Sneed sold 8,647 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $88.06, for a total transaction of $761,454.82. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 a total of 119,905 shares of company stock worth $10,530,833 in the last 90 days. Company insiders own 6.30% of the company's stock.

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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