Carson Advisory Inc. Sells 645 Shares of The Charles Schwab Co. (NYSE:SCHW)

Carson Advisory Inc. reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,177 shares of the financial services provider’s stock after selling 645 shares during the period. Carson Advisory Inc.’s holdings in Charles Schwab were worth $664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Sugarloaf Wealth Management LLC raised its holdings 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 valued at $30,000 after purchasing an additional 165 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab during the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the 4th quarter worth $31,000. Tributary Capital Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter worth $31,000. Finally, Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the fourth quarter worth $34,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 0.1 %

Charles Schwab stock traded up $0.10 during mid-day trading on Wednesday, hitting $74.63. The company’s stock had a trading volume of 4,524,806 shares, compared to its average volume of 7,192,364. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The stock has a market cap of $132.64 billion, a PE ratio of 31.14, a P/E/G ratio of 1.13 and a beta of 0.99. The company has a 50 day moving average of $74.29 and a 200-day moving average of $70.06. 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 posted its quarterly 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 firm 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 anticipate that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Piper Sandler upped their target price on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group lifted their price target on shares of Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. decreased their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $76.00 to $84.00 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.63.

Insider Activity

In other news, insider Nigel J. Murtagh sold 10,000 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Goldfarb sold 7,100 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now owns 19,917 shares in the company, valued at approximately $1,411,318.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 658,663 shares of company stock worth $48,997,146. Company insiders own 6.60% of the company’s stock.

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.