Private Advisors LLC Invests $1.79 Million in Charles Schwab Co. (NYSE:SCHW)

Private Advisors LLC bought a new position in Charles Schwab Co. (NYSE:SCHW) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 53,226 shares of the financial services provider’s stock, valued at approximately $1,790,000. Charles Schwab accounts for about 1.6% of Private Advisors LLC’s holdings, making the stock its 8th largest holding.

Other institutional investors have also modified their holdings of the company. Engrave Wealth Partners LLC acquired a new stake in shares of Charles Schwab in the fourth quarter worth $25,000. Wealth Alliance purchased a new stake in shares of Charles Schwab during the fourth quarter worth $56,000. Princeton Global Asset Management LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. CX Institutional raised its holdings in shares of Charles Schwab by 109.9% during the first quarter. CX Institutional now owns 745 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Finally, Savior LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth $42,000. 82.30% of the stock is owned by institutional investors and hedge funds.

In other news, Director Charles A. Ruffel bought 2,460 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of $37.08 per share, with a total value of $91,216.80. Following the completion of the transaction, the director now directly owns 4,355 shares in the company, valued at $161,483.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernard J. Clark sold 12,629 shares of Charles Schwab stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $32.94, for a total value of $415,999.26. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Several analysts recently issued reports on the company. Compass Point lowered Charles Schwab from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Wednesday. Keefe, Bruyette & Woods lowered Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Sunday, April 19th. Morgan Stanley increased their price objective on Charles Schwab from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and set a $37.50 target price on the stock. in a report on Wednesday, April 15th. Finally, Deutsche Bank cut their target price on Charles Schwab from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.75.

Shares of NYSE:SCHW traded down $0.39 during midday trading on Friday, hitting $32.83. The company’s stock had a trading volume of 7,293,350 shares, compared to its average volume of 8,901,745. The stock has a market capitalization of $42.77 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.59 and a beta of 1.27. The stock’s 50 day simple moving average is $35.26 and its 200 day simple moving average is $42.02. Charles Schwab Co. has a fifty-two week low of $28.00 and a fifty-two week high of $51.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.61 billion. Charles Schwab had a net margin of 33.30% and a return on equity of 18.25%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, analysts anticipate that Charles Schwab Co. will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, May 7th. Charles Schwab’s dividend payout ratio is currently 26.47%.

Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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