O ROURKE & COMPANY Inc Buys 1,018 Shares of The Charles Schwab Co. (NYSE:SCHW)

O ROURKE & COMPANY Inc lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.3% during the first quarter, HoldingsChannel.com reports. The firm owned 13,243 shares of the financial services provider’s stock after purchasing an additional 1,018 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in Charles Schwab were worth $958,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ironwood Financial llc increased its holdings in shares of Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 160 shares during the period. Courier Capital LLC grew its position in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. Sculati Wealth Management LLC raised its holdings in shares of Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after acquiring an additional 165 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Charles Schwab by 16.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $612,300.00. Following the transaction, the insider now owns 121,666 shares in the company, valued at approximately $9,124,950. The disclosure for this sale can be found here. Insiders sold a total of 658,663 shares of company stock worth $48,997,146 in the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Down 0.4 %

NYSE SCHW traded down $0.27 during trading on Monday, hitting $73.42. The company had a trading volume of 3,840,362 shares, compared to its average volume of 7,333,624. The company’s fifty day moving average is $74.42 and its 200-day moving average is $69.84. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a market cap of $130.49 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is presently 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent research reports. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Charles Schwab in a research note on Monday, June 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $75.56.

Charles Schwab 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.