2,724 Shares in The Charles Schwab Corporation (NYSE:SCHW) Purchased by Traveka Wealth LLC

Traveka Wealth LLC acquired a new position in shares of The Charles Schwab Corporation (NYSE:SCHW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,724 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other large investors have also made changes to their positions in SCHW. Atwood & Palmer Inc. acquired a new position in shares of Charles Schwab during the 1st quarter worth about $25,000. Westside Investment Management Inc. increased its stake in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 150 shares during the period. WFA Asset Management Corp bought a new position in Charles Schwab during the first quarter valued at about $33,000. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the fourth quarter valued at about $38,000. Finally, Beacon Capital Management LLC increased its stake in Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.2%

NYSE:SCHW opened at $91.20 on Friday. The stock’s fifty day moving average price is $87.44 and its two-hundred day moving average price is $80.83. The Charles Schwab Corporation has a 52-week low of $61.01 and a 52-week high of $92.15. 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 market cap of $165.71 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 0.98 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the business earned $0.74 EPS. On average, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and boosted their price target for the company from $65.00 to $82.00 in a research note on Monday, June 9th. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Tuesday, April 22nd. TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Finally, Piper Sandler upped their price objective on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.40.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 10,129 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total value of $911,711.29. Following the transaction, the insider owned 39,154 shares of the company’s stock, valued at $3,524,251.54. This represents a 20.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction on Thursday, May 22nd. The shares were 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 have sold a total of 119,905 shares of company stock worth $10,530,833 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

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.