Mount Yale Investment Advisors LLC Purchases 2,389 Shares of The Charles Schwab Co. (NYSE:SCHW)

Mount Yale Investment Advisors LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.1% in the first quarter, HoldingsChannel reports. The fund owned 31,797 shares of the financial services provider’s stock after buying an additional 2,389 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Charles Schwab were worth $2,300,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Charles Schwab by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock valued at $8,750,473,000 after purchasing an additional 1,042,823 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Charles Schwab by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after acquiring an additional 2,946,327 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Fisher Asset Management LLC increased its stake in Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares in the last quarter. Finally, Norges Bank acquired a new stake in Charles Schwab in the fourth quarter worth $950,192,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Charles R. Schwab sold 66,225 shares of Charles Schwab stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $75.51, for a total value of $5,000,649.75. Following the transaction, the chairman now directly owns 60,972,476 shares of the company’s stock, valued at $4,604,031,662.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly 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 quarter, insiders have sold 350,178 shares of company stock valued at $26,136,963. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $1.30 during trading on Monday, reaching $65.30. 9,089,780 shares of the company’s stock were exchanged, compared to its average volume of 8,013,336. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The firm’s fifty day moving average price is $72.09 and its 200-day moving average price is $70.05. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $116.06 billion, a PE ratio of 27.40, a PEG ratio of 1.24 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.53%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Piper Sandler lowered shares of Charles Schwab from an “overweight” rating to a “neutral” rating and cut their price target for the company from $80.00 to $64.00 in a research note on Monday. Morgan Stanley lowered their price objective on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, July 11th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Finally, Bank of America cut their price objective on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $74.27.

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.