The Charles Schwab Corporation (NYSE:SCHW) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 89,771 shares of the financial services provider’s stock after selling 1,706 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Charles Schwab were worth $7,027,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth approximately $1,455,000. Banco Santander S.A. increased its position in shares of Charles Schwab by 49.6% in the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock worth $1,208,000 after acquiring an additional 5,413 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Charles Schwab by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider’s stock worth $772,579,000 after acquiring an additional 60,683 shares in the last quarter. Graham Capital Management L.P. increased its position in shares of Charles Schwab by 248.3% in the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock worth $8,317,000 after acquiring an additional 80,112 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Charles Schwab by 17.2% in the first quarter. State of Alaska Department of Revenue now owns 199,687 shares of the financial services provider’s stock worth $15,631,000 after acquiring an additional 29,255 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $88.30 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $160.44 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a 50 day moving average price of $85.04 and a two-hundred day moving average price of $80.15. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $90.60.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm 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 previous year, the company earned $0.74 earnings per share. As a group, equities analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 10,129 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $911,711.29. Following the completion of the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 20,872 shares of the business’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $90.01, for a total transaction of $1,878,688.72. Following the completion of the sale, the insider now owns 58,999 shares of the company’s stock, valued at $5,310,499.99. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,995 shares of company stock worth $10,493,320 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SCHW shares. Redburn Atlantic raised shares of Charles Schwab from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $65.00 to $82.00 in a research report on Monday, June 9th. UBS Group lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Truist Financial lifted their target price on shares of Charles Schwab from $97.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. TD Securities raised their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Barclays decreased their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.40.

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.