Transcend Wealth Collective LLC Acquires 398 Shares of The Charles Schwab Co. (NYSE:SCHW)

Transcend Wealth Collective LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 6.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,688 shares of the financial services provider’s stock after buying an additional 398 shares during the period. Transcend Wealth Collective LLC’s holdings in The Charles Schwab were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SCHW. IronBridge Private Wealth LLC purchased a new stake in The Charles Schwab in the 4th quarter worth $27,000. D Orazio & Associates Inc. grew its stake in The Charles Schwab by 50.0% in the 1st quarter. D Orazio & Associates Inc. now owns 486 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in The Charles Schwab by 87.3% in the 1st quarter. Carolina Wealth Advisors LLC now owns 515 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 240 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of The Charles Schwab during the fourth quarter valued at approximately $35,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of The Charles Schwab during the fourth quarter valued at approximately $38,000. 71.39% of the stock is owned by institutional investors.

Shares of The Charles Schwab stock opened at $72.62 on Friday. The business has a 50-day simple moving average of $70.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $131.23 billion, a PE ratio of 32.13, a PEG ratio of 1.62 and a beta of 1.09. The Charles Schwab Co. has a 52 week low of $31.63 and a 52 week high of $76.37.

The Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, April 14th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.35 billion. The Charles Schwab had a return on equity of 12.80% and a net margin of 28.92%. The business’s revenue for the quarter was up 80.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 14th were paid a $0.18 dividend. The ex-dividend date was Thursday, May 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.99%. The Charles Schwab’s payout ratio is 29.39%.

In related news, Chairman Charles R. Schwab sold 300,000 shares of the firm’s stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $65.59, for a total value of $19,677,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 28,000 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $75.43, for a total value of $2,112,040.00. The disclosure for this sale can be found here. Insiders sold 1,401,147 shares of company stock valued at $98,406,001 over the last 90 days. 7.50% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of The Charles Schwab from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, May 13th. Morgan Stanley lifted their target price on shares of The Charles Schwab from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. Argus boosted their price target on shares of The Charles Schwab from $66.00 to $77.00 in a research report on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Charles Schwab from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Finally, JMP Securities raised shares of The Charles Schwab from a “market perform” rating to a “market outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, April 15th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The Charles Schwab presently has a consensus rating of “Buy” and an average target price of $79.44.

The Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for The Charles Schwab (NYSE:SCHW)

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