The Charles Schwab Corporation (NYSE:SCHW) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 328,160 shares of the financial services provider’s stock after purchasing an additional 6,364 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Charles Schwab were worth $25,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Pure Financial Advisors LLC lifted its holdings in shares of Charles Schwab by 69.0% during the 1st quarter. Pure Financial Advisors LLC now owns 9,274 shares of the financial services provider’s stock valued at $726,000 after acquiring an additional 3,787 shares in the last quarter. Aspetuck Financial Management LLC acquired a new position in shares of Charles Schwab during the 1st quarter valued at $538,000. Perigon Wealth Management LLC lifted its holdings in shares of Charles Schwab by 0.3% during the 1st quarter. Perigon Wealth Management LLC now owns 157,450 shares of the financial services provider’s stock valued at $12,325,000 after acquiring an additional 408 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Charles Schwab by 1.4% during the 1st quarter. HBK Sorce Advisory LLC now owns 27,189 shares of the financial services provider’s stock valued at $2,128,000 after acquiring an additional 374 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Charles Schwab by 168.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,238 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW opened at $89.83 on Thursday. The company has a 50-day moving average of $85.57 and a 200-day moving average of $80.28. The company has a market capitalization of $163.22 billion, a P/E ratio of 27.22, a PEG ratio of 0.96 and a beta of 0.94. The Charles Schwab Corporation has a 1-year low of $61.01 and a 1-year high of $90.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.53 and a current ratio of 0.53.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Securities lifted their target price on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Barclays cut their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, April 22nd. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Finally, Redburn Atlantic upgraded shares of Charles Schwab from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $65.00 to $82.00 in a report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.40.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,850 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the sale, the insider now owns 15,219 shares of the company’s stock, valued at $1,332,727.83. This represents a 15.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 47,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. Insiders sold a total of 119,995 shares of company stock valued at $10,493,320 in the last quarter. Insiders own 6.30% of the company’s stock.

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.