Simplicity Wealth LLC Acquires New Holdings in The Charles Schwab Co. (NYSE:SCHW)

Simplicity Wealth LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,067 shares of the financial services provider’s stock, valued at approximately $1,886,000.

Other institutional investors also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab during the third quarter worth $28,000. Sugarloaf Wealth Management LLC lifted its stake in shares of 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 during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab during the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth $31,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 value of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Charles Schwab news, 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 transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 65,360 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total transaction of $5,025,530.40. Following the transaction, the chairman now directly owns 60,741,536 shares in the company, valued at $4,670,416,703.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 672,036 shares of company stock valued at $49,281,565. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. TD Cowen boosted their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler upped their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.47.

Check Out Our Latest Analysis on SCHW

Charles Schwab Trading Down 0.2 %

Shares of SCHW stock traded down $0.12 during trading hours on Monday, hitting $78.66. The company had a trading volume of 5,539,437 shares, compared to its average volume of 7,495,364. The company’s fifty day moving average is $72.98 and its 200 day moving average is $66.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.22. The stock has a market capitalization of $139.80 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

About Charles Schwab

(Free Report)

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.

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

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