The Charles Schwab Corporation $SCHW Shares Acquired by Puzo Michael J

Puzo Michael J grew its stake in The Charles Schwab Corporation (NYSE:SCHW) by 19.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,557 shares of the financial services provider’s stock after acquiring an additional 8,072 shares during the period. Puzo Michael J’s holdings in Charles Schwab were worth $4,657,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC increased its holdings in Charles Schwab by 99.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Piscataqua Savings Bank purchased a new stake in Charles Schwab in the fourth quarter valued at approximately $26,000. Beacon Financial Strategies CORP acquired a new position in Charles Schwab during the fourth quarter worth $29,000. Scarborough Advisors LLC acquired a new position in Charles Schwab during the first quarter worth $29,000. Finally, Optima Capital LLC purchased a new position in shares of Charles Schwab during the fourth quarter worth $30,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SCHW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a research note on Monday. Morgan Stanley raised their target price on Charles Schwab from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Zacks Research raised Charles Schwab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their price target on shares of Charles Schwab from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

Insider Buying and Selling at Charles Schwab

In related news, Director Frank C. Herringer sold 2,520 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total transaction of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the sale, the insider owned 13,738 shares in the company, valued at approximately $1,373,937.38. This trade represents a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,520 shares of company stock valued at $622,392 over the last three months. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

NYSE:SCHW opened at $102.92 on Tuesday. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50. The company has a fifty day simple moving average of $93.07 and a two-hundred day simple moving average of $95.34. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The company has a market cap of $178.99 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.77.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.32 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s dividend payout ratio (DPR) is 25.40%.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.