Clean Yield Group Has $757,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Clean Yield Group reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,673 shares of the financial services provider’s stock after selling 200 shares during the period. Clean Yield Group’s holdings in Charles Schwab were worth $757,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the 4th quarter valued at about $38,000. Atala Financial Inc bought a new stake in Charles Schwab during the 4th quarter valued at approximately $41,000. Investors Research Corp boosted its stake in Charles Schwab by 75.2% during the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 240 shares during the period. Knuff & Co LLC boosted its stake in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the 4th quarter valued at approximately $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SCHW shares. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and increased their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Piper Sandler raised their price objective on Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price objective on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and an average target price of $89.63.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,608 shares of company stock valued at $8,392,040 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 1.2%

Shares of SCHW opened at $88.25 on Friday. The stock has a 50 day simple moving average of $81.74 and a 200-day simple moving average of $79.63. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85. The stock has a market cap of $160.35 billion, a PE ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.94. 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 released its quarterly earnings results 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 return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the firm posted $0.74 EPS. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

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.