Hennion & Walsh Asset Management Inc. Has $2.19 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 56.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,315 shares of the financial services provider’s stock after purchasing an additional 10,966 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Charles Schwab were worth $2,193,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCHW. Opinicus Capital Inc. increased its position in Charles Schwab by 5.9% during the first quarter. Opinicus Capital Inc. now owns 12,204 shares of the financial services provider’s stock worth $883,000 after acquiring an additional 675 shares during the period. WD Rutherford LLC bought a new position in Charles Schwab during the first quarter worth about $67,000. Financial Management Professionals Inc. increased its position in Charles Schwab by 20.4% during the first quarter. Financial Management Professionals Inc. now owns 3,446 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 585 shares during the period. Calton & Associates Inc. bought a new position in Charles Schwab during the first quarter worth about $310,000. Finally, Sendero Wealth Management LLC increased its position in Charles Schwab by 17.1% during the first quarter. Sendero Wealth Management LLC now owns 145,879 shares of the financial services provider’s stock worth $10,553,000 after acquiring an additional 21,262 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.13 during mid-day trading on Friday, reaching $73.69. The company had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The company’s 50 day simple moving average is $74.42 and its 200 day simple moving average is $69.78. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $130.97 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.71 billion. Analysts expect that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

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

Insider Buying and Selling

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the sale, the director now directly owns 570,657 shares in the company, valued at approximately $41,366,925.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Charles Schwab news, COO Joseph R. Martinetto sold 43,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 41,414 shares in the company, valued at approximately $2,933,353.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the transaction, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock worth $48,997,146 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, UBS Group raised their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.56.

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.