Rowlandmiller & PARTNERS.ADV Acquires Shares of 1,435 The Charles Schwab Co. (NYSE:SCHW)

Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the first quarter, Holdings Channel.com reports. The firm acquired 1,435 shares of the financial services provider’s stock, valued at approximately $112,000.

A number of other large investors have also recently made changes to their positions in the stock. CX Institutional boosted its stake in shares of Charles Schwab by 1,845.7% during the first quarter. CX Institutional now owns 180,913 shares of the financial services provider’s stock valued at $14,162,000 after purchasing an additional 171,615 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Charles Schwab by 96.9% during the first quarter. Assenagon Asset Management S.A. now owns 2,951,680 shares of the financial services provider’s stock valued at $231,058,000 after purchasing an additional 1,452,719 shares during the period. Integrated Advisors Network LLC lifted its stake in Charles Schwab by 281.0% in the first quarter. Integrated Advisors Network LLC now owns 56,357 shares of the financial services provider’s stock worth $4,412,000 after acquiring an additional 41,565 shares during the period. Atwood & Palmer Inc. purchased a new stake in Charles Schwab in the first quarter worth about $25,000. Finally, GAMMA Investing LLC lifted its stake in Charles Schwab by 28.2% in the first quarter. GAMMA Investing LLC now owns 27,122 shares of the financial services provider’s stock worth $2,123,000 after acquiring an additional 5,973 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, Director Paula A. Sneed sold 8,647 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the sale, the director now directly owns 105,654 shares of the company’s stock, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,608 shares of company stock valued at $8,392,040. Company insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

SCHW opened at $88.27 on Wednesday. The firm has a market capitalization of $160.39 billion, a PE ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The firm’s 50-day moving average price is $82.20 and its 200 day moving average price is $79.73. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted 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. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective on shares of Charles Schwab in a research note on Monday, April 21st. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and increased their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Piper Sandler increased their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.25.

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.