American Money Management LLC Boosts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

American Money Management LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHWGet Rating) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,533 shares of the financial services provider’s stock after purchasing an additional 682 shares during the period. American Money Management LLC’s holdings in Charles Schwab were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Steph & Co. bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $25,000. Horan Securities Inc. purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $27,000. Sierra Capital LLC purchased a new stake in Charles Schwab during the fourth quarter worth $28,000. Finally, Consolidated Planning Corp purchased a new stake in Charles Schwab during the third quarter worth $29,000. Institutional investors own 87.13% of the company’s stock.

In other news, Chairman Charles R. Schwab sold 156,860 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $85.93, for a total transaction of $13,478,979.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Walter W. Bettinger purchased 36,640 shares of the stock in a transaction dated Monday, April 25th. The shares were acquired at an average cost of $69.49 per share, for a total transaction of $2,546,113.60. Following the completion of the acquisition, the chief executive officer now directly owns 329,265 shares of the company’s stock, valued at approximately $22,880,624.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 104,169 shares of company stock worth $7,081,708 and sold 163,990 shares worth $14,071,289. 7.50% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on SCHW shares. Morgan Stanley reduced their target price on shares of Charles Schwab from $132.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Zacks Investment Research lowered shares of Charles Schwab from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Monday, February 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charles Schwab from $98.00 to $84.00 in a research note on Thursday. Piper Sandler lowered their price objective on shares of Charles Schwab from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, April 22nd. Finally, Jefferies Financial Group reduced their target price on shares of Charles Schwab to $95.00 in a report on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Buy” and a consensus target price of $92.56.

NYSE SCHW traded down $0.69 on Thursday, reaching $62.58. The company had a trading volume of 537,280 shares, compared to its average volume of 9,059,762. The firm has a market capitalization of $113.71 billion, a PE ratio of 22.92, a P/E/G ratio of 0.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50-day moving average of $77.87 and a 200-day moving average of $82.54. The Charles Schwab Co. has a 1 year low of $62.84 and a 1 year high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last released its earnings results on Monday, April 18th. The financial services provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Charles Schwab had a net margin of 31.24% and a return on equity of 14.42%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 12th. Charles Schwab’s dividend payout ratio is presently 28.99%.

Charles Schwab Profile (Get Rating)

The Charles Schwab Corporation, together with 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, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWGet Rating).

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

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