Personal CFO Solutions LLC Buys 2,291 Shares of The Charles Schwab Co. (NYSE:SCHW)

Personal CFO Solutions LLC grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,685 shares of the financial services provider’s stock after purchasing an additional 2,291 shares during the quarter. Personal CFO Solutions LLC’s holdings in Charles Schwab were worth $804,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $31,000. Hall Laurie J Trustee acquired a new stake in Charles Schwab during the fourth quarter valued at approximately $34,000. Finally, Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the third quarter valued at approximately $28,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SCHW shares. UBS Group lifted their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Citigroup boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.65.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,449,251.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold a total of 655,476 shares of company stock valued at $48,718,705 in the last three months. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.32 on Friday, reaching $73.93. The stock had a trading volume of 5,371,097 shares, compared to its average volume of 6,860,721. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $73.96 and its two-hundred day moving average is $68.45. The firm has a market capitalization of $131.39 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.13 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, research analysts expect that The Charles Schwab Co. will post 3.26 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.