Blume Capital Management Inc. Boosts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Blume Capital Management Inc. lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,920 shares of the financial services provider's stock after buying an additional 11,418 shares during the period. Charles Schwab makes up 3.4% of Blume Capital Management Inc.'s portfolio, making the stock its 4th biggest position. Blume Capital Management Inc.'s holdings in Charles Schwab were worth $12,929,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Courier Capital LLC lifted its position in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider's stock valued at $3,133,000 after purchasing an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Red Spruce Capital LLC raised its stake in Charles Schwab by 0.4% during the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider's stock worth $2,880,000 after acquiring an additional 172 shares during the period. Uncommon Cents Investing LLC lifted its holdings in Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider's stock valued at $1,023,000 after purchasing an additional 175 shares in the last quarter. Finally, Diligent Investors LLC boosted its position in shares of Charles Schwab by 3.0% in the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider's stock worth $410,000 after purchasing an additional 176 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.9 %

SCHW traded down $0.71 during trading on Thursday, reaching $75.44. The company had a trading volume of 5,788,372 shares, compared to its average volume of 7,558,584. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business has a 50 day simple moving average of $71.42 and a 200-day simple moving average of $65.23. The stock has a market cap of $133.99 billion, a P/E ratio of 31.56, a PEG ratio of 1.11 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $46.55 and a 52 week high of $77.05.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.71 billion. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.42 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm 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 of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab's payout ratio is 41.84%.

Analyst Ratings Changes

Several brokerages recently weighed in on SCHW. TD Cowen upped their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Bank of America upped their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 16th. Piper Sandler boosted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.47.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company's stock, valued at approximately $38,198,371.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter J. Morgan III sold 24,520 shares of the firm's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The disclosure for this sale can be found here. In the last three months, insiders sold 659,587 shares of company stock valued at $47,399,731. Insiders own 6.60% 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.