Cypress Wealth Services LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Cypress Wealth Services LLC increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,817 shares of the financial services provider’s stock after buying an additional 669 shares during the quarter. Cypress Wealth Services LLC’s holdings in Charles Schwab were worth $566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the 4th quarter worth approximately $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab during the 4th quarter worth approximately $34,000. Finally, Glass Jacobson Investment Advisors llc raised its stake in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were 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 of the company’s stock, valued at $5,172,690.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Nigel J. Murtagh sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph R. Martinetto sold 43,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total transaction of $3,045,690.00. Following the sale, the chief operating officer now directly owns 41,414 shares of the company’s stock, valued at $2,933,353.62. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock valued at $48,997,146 over the last three months. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on SCHW shares. UBS Group raised their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. TD Cowen reduced their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Price Performance

SCHW traded down $0.03 during trading hours on Friday, hitting $73.53. The company’s stock had a trading volume of 2,079,997 shares, compared to its average volume of 7,305,506. 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 business’s 50-day moving average price is $74.40 and its 200-day moving average price is $69.68. The stock has a market cap of $130.68 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 1.13 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Sell-side analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

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.