Apollon Wealth Management LLC Has $2.99 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Apollon Wealth Management LLC raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,424 shares of the financial services provider’s stock after acquiring an additional 5,764 shares during the quarter. Apollon Wealth Management LLC’s holdings in Charles Schwab were worth $2,988,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCHW. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% during 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 during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $31,000. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab during the 4th quarter worth about $34,000. Providence Capital Advisors LLC acquired a new position in Charles Schwab in the 3rd quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 268 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In related news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders sold a total of 514,459 shares of company stock valued at $36,371,155 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SCHW shares. TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Down 1.7 %

Shares of SCHW traded down $1.32 during trading hours on Tuesday, hitting $75.54. 7,336,819 shares of the stock were exchanged, compared to its average volume of 7,602,173. The Charles Schwab Co. has a fifty-two week low of $46.55 and a fifty-two week high of $77.05. The business has a 50-day moving average of $71.00 and a 200-day moving average of $64.98. The firm has a market capitalization of $134.16 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.