4,085 Shares in The Charles Schwab Corporation (NYSE:SCHW) Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC bought a new stake in The Charles Schwab Corporation (NYSE:SCHW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,085 shares of the financial services provider’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Charles Schwab during the 1st quarter valued at approximately $25,000. WFA Asset Management Corp purchased a new position in shares of Charles Schwab during the first quarter worth $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab during the fourth quarter valued at $38,000. Atala Financial Inc acquired a new position in Charles Schwab during the fourth quarter valued at $41,000. Finally, Investors Research Corp boosted its holdings in Charles Schwab by 75.2% in the first 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 last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.0%

Shares of NYSE:SCHW opened at $88.95 on Wednesday. The business’s 50 day moving average price is $83.96 and its 200-day moving average price is $79.94. The Charles Schwab Corporation has a 1 year low of $61.01 and a 1 year high of $89.85. The firm has a market capitalization of $161.61 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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 company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts forecast that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Redburn Atlantic raised Charles Schwab from a “sell” rating to a “neutral” rating and raised their target price for the stock from $65.00 to $82.00 in a report on Monday, June 9th. Wells Fargo & Company reduced their price target 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. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, April 25th. Finally, TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.40.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 8,614 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the completion of the sale, the insider now owns 49,204 shares of the company’s stock, valued at $3,936,320. This represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. 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. 6.30% of the stock is owned by corporate insiders.

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.