The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by PFG Investments LLC

PFG Investments LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 280.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,425 shares of the financial services provider's stock after buying an additional 15,792 shares during the quarter. PFG Investments LLC's holdings in Charles Schwab were worth $1,550,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter worth approximately $28,000. Sugarloaf Wealth Management LLC grew its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the 4th quarter valued at approximately $31,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHW. Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a research note on Tuesday, April 16th. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Friday, March 15th. Finally, JMP Securities restated a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.47.

Charles Schwab Price Performance

Shares of NYSE SCHW traded up $0.10 during trading on Friday, reaching $74.99. The company had a trading volume of 5,560,677 shares, compared to its average volume of 7,173,721. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The stock has a market capitalization of $133.19 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock has a 50-day moving average price of $69.68 and a two-hundred day moving average price of $63.92. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,481 shares of the business's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares of the company's stock, valued at $4,573,414.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company's stock, valued at $4,573,414.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares of the company's stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock valued at $27,400,905 over the last three months. 6.60% of the stock is currently owned by 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.

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