Argus Investors Counsel Inc. Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Argus Investors Counsel Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,935 shares of the financial services provider’s stock after purchasing an additional 204 shares during the period. Charles Schwab makes up 1.2% of Argus Investors Counsel Inc.’s holdings, making the stock its 26th biggest holding. Argus Investors Counsel Inc.’s holdings in Charles Schwab were worth $1,949,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sweet Financial Partners LLC raised its position in Charles Schwab by 3.5% during the 1st quarter. Sweet Financial Partners LLC now owns 4,430 shares of the financial services provider’s stock worth $320,000 after buying an additional 150 shares during the last quarter. Ironwood Financial llc increased its holdings in shares of Charles Schwab by 1.6% in the 1st quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 160 shares in the last quarter. Courier Capital LLC increased its holdings in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Finally, Sculati Wealth Management LLC increased 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 purchasing an additional 165 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,536 shares of company stock valued at $46,208,155. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 3.9 %

Shares of Charles Schwab stock traded down $2.93 during mid-day trading on Thursday, hitting $72.34. 14,673,379 shares of the stock were exchanged, compared to its average volume of 7,615,976. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The stock has a market capitalization of $128.57 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The company has a 50-day simple moving average of $73.50 and a 200 day simple moving average of $67.05. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping 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. Research analysts forecast that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Barclays increased their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Piper Sandler increased their price objective on shares of Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.12.

Charles Schwab Company 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.