The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,955 shares of the financial services provider’s stock after purchasing an additional 144 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Charles Schwab were worth $153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the 1st quarter worth approximately $25,000. WFA Asset Management Corp purchased a new stake in shares of Charles Schwab during the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab during the 4th quarter worth approximately $38,000. Atala Financial Inc purchased a new stake in shares of Charles Schwab during the 4th quarter worth approximately $41,000. Finally, Investors Research Corp boosted its stake in shares of Charles Schwab by 75.2% during the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,290 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $87.68, for a total value of $288,467.20. Following the sale, the insider now owns 39,154 shares of the company’s stock, valued at approximately $3,433,022.72. The trade was a 7.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,608 shares of company stock worth $8,392,040 in the last ninety days. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, April 25th. Wells Fargo & Company decreased their price target on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler boosted their price target on Charles Schwab from $74.00 to $80.00 in a research note on Thursday, April 17th. Barclays reduced their target price on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Charles Schwab Trading Down 1.4%

Shares of Charles Schwab stock opened at $87.26 on Friday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $89.85. The firm has a market cap of $158.55 billion, a PE ratio of 29.18, a P/E/G ratio of 0.99 and a beta of 0.94. The business’s fifty day moving average is $83.30 and its two-hundred day moving average is $79.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company posted $0.74 EPS. Analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio is presently 32.73%.

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.