Dynamic Advisor Solutions LLC Raises Holdings in The Charles Schwab Co. (NYSE:SCHW)

Dynamic Advisor Solutions LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,826 shares of the financial services provider’s stock after buying an additional 889 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Charles Schwab were worth $1,290,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Investment Research & Advisory Group Inc. grew its holdings in Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the last quarter. Morningstar Investment Services LLC grew its holdings in Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. grew its holdings in Charles Schwab by 24.3% in the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after purchasing an additional 857,734 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after purchasing an additional 160,719 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Charles Schwab by 13.0% in the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after purchasing an additional 152,967 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 0.9 %

Shares of Charles Schwab stock opened at $73.20 on Thursday. The firm has a 50-day simple moving average of $74.39 and a two-hundred day simple moving average of $69.66. The company has a market cap of $130.10 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during 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%. As a group, equities analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 658,663 shares of company stock valued at $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, May 28th. Citigroup boosted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 price objective on shares of Charles Schwab in a report on Monday, June 17th. Finally, Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Company 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.