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

O ROURKE & COMPANY Inc lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,243 shares of the financial services provider’s stock after purchasing an additional 1,018 shares during the period. O ROURKE & COMPANY Inc’s holdings in Charles Schwab were worth $958,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SCHW. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the fourth 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 during the period. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the 4th quarter worth $31,000. Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab during the fourth quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SCHW. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Piper Sandler upped their target price 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. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Finally, TD Cowen lowered their price objective on shares of 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, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.56.

Charles Schwab Stock Down 0.4 %

SCHW stock traded down $0.27 during midday trading on Monday, hitting $73.42. The company’s stock 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 price is $74.42 and its 200 day moving average price is $69.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. 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 $130.49 billion, a P/E ratio of 30.68, a PEG ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.71 billion. As a group, equities research analysts predict that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders 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 dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling

In related news, Director Mark A. Goldfarb sold 7,100 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total transaction of $503,106.00. Following the sale, the director now owns 19,917 shares in the company, valued at approximately $1,411,318.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the completion of the sale, the director now directly owns 19,917 shares in the company, valued at $1,411,318.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $724,000.00. Following the completion of the transaction, the insider now owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 658,663 shares of company stock valued at $48,997,146. Company insiders own 6.60% of the company’s stock.

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.