Fiduciary Family Office LLC Takes $204,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Fiduciary Family Office LLC purchased a new position in The Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,825 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Sugarloaf Wealth Management LLC increased its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Charles Schwab during the fourth quarter valued at $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab in the 4th quarter worth about $31,000. Tributary Capital Management LLC purchased a new stake in Charles Schwab during the 1st quarter valued at about $31,000. Finally, Hall Laurie J Trustee bought a new stake in Charles Schwab during the 4th quarter valued at about $34,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $0.31 during midday trading on Monday, hitting $75.07. The company had a trading volume of 9,994,677 shares, compared to its average volume of 7,198,573. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a fifty day moving average of $74.30 and a two-hundred day moving average of $70.20. The company has a market cap of $133.42 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. On average, equities research analysts expect that The Charles Schwab Co. will post 3.19 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and increased their target price for the company from $76.00 to $84.00 in a research note on Monday, July 8th. Barclays boosted their price target on Charles Schwab from $72.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. UBS Group dropped their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, TD Cowen decreased their target price on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.75.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the transaction, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. Insiders have sold 659,443 shares of company stock valued at $49,055,646 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

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.